kori do you own your home? Homeowners get a heloc/line of credit on home to have access to cash should homeowner need cash. Having heloc on your home don't mean homeowner have cash flow problem now, simply mean homeowner prepared now for potential future cash need. This is what standby loan is. Should merger be approved by shareholders this $5mm be needed to pay jordaanmarion golden parachutes. If merger voted down Superior got this $5mm for potential emergency. I view this auramet loan positively. Underground opns must be going per plan otherwise auramet not give standby loan. Also good is that sgi get access to $5mm without diluting equity and without hedging gold production so Superiors Au prodction get full exposure to today bull market in physical gold pricing.
Ann: Half year accounts, page-51
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