Plough
It should be noted that this revised payment schedule actually reduces the qrty payments From $5m to$3m
from march 2015.
Should the company achieve their production targets i.e. 1000 ozs eqvl from march then it should generate
$6-$7 m f.c.f. which would be sufficient to comfortably meet their principal and interest repayments
To date the company has had a 100% success rate in missing its production ( for a multitude of reasons)
Should this trend reverse then the share price will recover quickly. If not then we will suffer more pain.
we live in hope
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Plough It should be noted that this revised payment schedule...
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