THE 4 MILLION OUNCE BET, page-10547

OGM I understand your points however

No finance will come to any form of reality until there there is specific indicators and boxes ticked.
With the South African Government ( IDC ) putting in $15.9 million USD into it, that needs to be understood the parameters around how that funding works before a Financial body can proceed with their end.

Once the IDC has finalized what they are putting in and the Terms Sheet and funding signed off, then the Finance will be generated from the firm to which we are borrowing from.

Someone mentioned the AISC overflowing to a higher cost then what was on the DFS and investor documents and a median indicative gold price from the point of financing.
I would not mind betting to a degree, that the financers will be requesting a hedge book on a portion on the projected mined ore to ensure they are paid back and protect their downside further.

Personally, not a fan of hedging at all, often then historically, i have seen earnings hampered and not capitalize on higher commodity prices as a result, so hope that is not a funding contingent from the Financers.

Good luck everyone - I "hope" to see an announcement in the next month as OGM is correct to a degree, this has taken way to long given the current gold price and environment.
I would even rather raise the entirety via a debt facility and incorporate ongoing buy backs of stocks if this IDC funding is going to take any longer, getting ridiculous the wait time