ML you've made a good point. Which would lead me to my next question. How much gold do they have in the ground ? Do they even have $342.5 million worth of gold at the current price ? Or are they waiting for the gold price to bounce up to $1900 an oz to pay back this debt.
This whole operation is based on the gold price. We had a strong open with the gold price going up over night but the tables have turned in late afternoon with a sell off going into the red. Are people beginning to sell of for Tax time ?
Ann: Mr Tim Lehany to cease as MD and CEO effective 30 June 2014, page-27
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