Yes, I think it is. Paying outstanding interest (at reasonable rates- not extortionist) with shares and no interest going forward. That's far better than they could get anywhere else. If he wanted he could have really exacted punitive rates both in the past and going forward & he'd have the company over a barrel to do so. I think that's generous. As to further capital calls, the recent releases admit to multiple approaches for a possible asset transaction and further to that state those funds will be used to progress Silver Mountain. Reading between the lines I suspect there's enough money coming into the company coffers from a transaction to pay him back in the relative short term (hence interest free from September) and hopefully enough also to further work at Silver Mountain going forward. I may of course be completely wrong but that's the way I'm seeing it.
EM2 Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
