SVL 1.10% 9.2¢ silver mines limited

Ann: Bowdens Silver Project Appeal Proceedings Outcome, page-54

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    "Well sure they could take it to the high court but considering the nature of the judgement it probably won’t be advised. If they don’t appeal they will have to back through the planning process which I believe took 4 years last time. So they will have to go back to the market to raise equity at a lower share price (plus a large discount given how much debt they are carrying) to fund the"

    Go back to the start again of the planning process? No. It is a resubmission to the IPC for the EIS for the powerlines, As for funding, their last quarterly for June ending showed they had $10M which was enough for a full year. And then what do you know, they secured $30.2 M of convertible debenture funding just 4 weeks ago. Won't be any CRs or SH dilution for quite some time so plenty of cash for this delay in the process. All this hubris from the Lue Action Group of the mine being 'dead in the water' will be short-lived when the IPC green lights this again.
 
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