Ann: Classic Submits Call Notice To LDA Capital., page-27

I agree this funding package is not good for the company however..
it's only been talked about in the worst-case scenario outcome which is pretty much the only way 90% of people posting on this forum talk due to their previous losses..



the company is about to start processing it's first 1011oz of gold shortly = $2,700,000

followed by the processing of the next available
92,856oz of gold =$250,000,000

The company should not need to draw down on the funding any further once processing begins.
if this does play out to plan, the soi will still be quite reasonable in fact very reasonable for a company producing income through gold production.

It will be interesting to see how this goes.

Have a great week everybody, lovely weather up here in North Queensland as I spend the week working with BHP.