"Borrowing money for small miners is going to cost heaps in the...

"Borrowing money for small miners is going to cost heaps in the current climate. The interest rate will depend on the risk/security obviously and also the leverage the lender has.
We never get to read the real terms of such transactions."

Patprice,

You have hit the nail on the head. The risks/return seem to be very high to the lender as far as we are concerned. But why did we let ourselves go to that level when, from memory we were never in that position before.?

You also wrote:


"Is PLV up for 100% or 50% of money owing?"

From what I can gather, that amount is owed 100% by us.

I would love to be proven wrong though. Although I don't think that, that would be possible.

Take it as you wish but, IMHO, we could be facing another Share Placement for a CR soon, or another Pre-Sale or further borrowing at high rates of interests. Will we be told if we are to do another borrowing or will it be treated as a "Non Material Effect" situation.???

After all, as the saying goes....."Where did he get the money for that.?? :-)

DYOR!!!