re: Ann: Credit Suisse Provides US$15m Financ... This is very good news because it means that a cap raise (and consequent dilution) will not happen.
The loan of $15 mil and the delivery of gold to Credit Suisse from
Jan 2014 to June 2015 represents less than 20% production for that period.
Now all KRM has to do now is get cracking on Teland Santo and drive
deeper in Way Linngo and pour 12K ozs/Qtr AU and 80K+ ozs AG per qtr.
A move up in the POG to $1700+ would also help.
When Telang Santo hits its straps and when Way Linngo deeper veins are
reached we should see close to 60k +ozs AU & half mil + ozs AG P/A.
IMO, the gold presale is better than a silver presale because as world economies
improve silver will likely resume its 50:1 price relationship with gold
(at present 53.42:1......see Kitco )
Cheers
Moorookamick
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Mkt cap ! $32.40M | |||
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