AGO are on target to make a loss this quarter somewhere north of $7m and should the agreement not succeed will have to pay back $4m to MIN (lent to AGO under the terms of the agreement)
They will then still be under the term B loan agreement.
The gravity of this situation will become clearly evident to the NO voters when AGO cannot meet their min cash on hand requirement.
Good luck to all when then lenders get their hands on the company by default.
Ann: Financial Update, page-207
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