. A number of options are being evaluated, all of which are standard practice in the industry and are considered to have a good chance of success.
Does that sound like a fail at the stage.
Empire is progressing multiple refinancing options for the A$15m debt to ERM Power Ltd ("ERM"). Empire recognises the financial benefits of the interest free terms of the ERM loan, which is not repayable until maturity on 31 August 2016. The A$15m debt to ERM was established as a result of the purchase of ERM’s interest in the RGPF and exploration tenements of which Empire now owns 100%.
Does that sound as it is on hold or in limbo
FARM-OUT TO FUND 2016/17 EXPLORATION
– Lockyer Deep / North Erregulla Deep high impact large volume
Does that say it is in limbo.
If you have any information that they are not working these items we would like to know your information.
EGO Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
