in the dark., page-7

Yes exactly, it's a bet - like all equities.

But it really comes down to odds for the bet that you have to ascribe to what the company does and what is says it will do.

It seems as though the company would have the cash from gold production to repay the loan as the FAQ's indicate but just not concrete enough to say either way...

The company always said it would fund exploration and development through gold production - some investors took the bet on that because its a hard market to raise funds in when you have no cash flow. Now it seems that they are funding with some sort of debt/equity relationship without really being clear on whether the gold production will serve its original purpose...

It seems as though it might...but it's unclear...

If I weren't in a position I would be doing what other potential buyers seem to be doing - standing aside and waiting for clarity...