Ann: Trading Halt , page-48

My take on the announcement is basically is where the company we are assumed was at. I did hope for the contractor's finance agreement to be finalized. The Sandstorm re-arrangement is a fairly significant event even if we all assumed that was pretty much the case anyway & JGs hands were forced by regulatory requirements to call for a trading halt, frustrating as it was.

What the new arrangement with Sandstorm does mean is that there should be no need for a capital raising in the next few months as the debt has been monetized in the form of a gold stream. So this in my view is a positive as I fully expected further capital would be required & I now understand the rationale for the option issue rather than share issue.

If JG can pull off the contractor financing for $20M this leaves $60M of debt required to be split between two banks (most likely) With Aussie gold above $1500 & rising I would assume the banks will be willing to pick up where they left off. It also helps that commentary from the bullion banks has turned to mildly bullish from massively bearish. Just shows how rubbish they are imo!