9th October is when the first tranche of debentures can be...

9th October is when the first tranche of debentures can be re-paid which amounts to $9.65m

The second tranche can be repaid on 12th Oct - $8.35m

Not sure if it is an option to repay one over the other. I doubt the debenture holders have a say in it once the dates pass. All they know is that it will be re-paid by Oct 2021 and anytime in between they get 12% p.a.

Regardless, Beacon have the cash in bank, plus another $3.89m in gold on hand as at 2 weeks ago. Which is $2.6m in cash up from the July report and 800k oz in gold on hand.

Is they get the same result in Sept then by 30 Sept they may well have $21.7m in the bank and $5.9m in gold on hand - given that I would probably be paying off the debentures unless there are some juicy buying options coming up.