First year operating loss was expected from DFS. Some of us, including myself, might be too carried away by the high POG and expected a much better result. Unfortunately it was not the case due to below par management and some unexpected circumstances (wind and rain).
In terms of the debt, the key takeaway point here is all of the 100m+ debt we have are unsecured, at a much lower than market rate and we can get access to more if needed. As a mining junior, is there any other better scenario than this?
Ann: June 2024 Quarterly Activities Report, page-28
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