that is right the only risk now is paying back the loan. Once Lindi is in production and making enough to cover operations, the next priority is loan repayments. Once this is proven then there is very little risk from an operational point of view.
Spid if the loan is paid back faster then this is less interest paid. If Gemcorp want what’s there after $5m then that is a positive, I would be disappointed if management didn’t pay the debt back as fast as possible.
Ann: Lindi Jumbo and Gemcorp execute final US$20m debt facility, page-68
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