For my liking from a layman s point of veiw is safety with...

For my liking from a layman s point of veiw is safety with multiple banks for the following reasons

1- How do we know we are getting the best deal if this boils down to 1 or 2 banks. Putting it simply if you were going to borrow a sum of money you would be screwing the best deal out of at least 3 or 4 would you not. What might the savings be over the life if the loan if you were to delivery a couple of points better ??

2- An explorer transitioning into production . I would want the flexibility to manoeuvre if something didn't run to plan . The longer term plan is for multiple pits . That may be a carrot that is best dangled in front of a number finance options. If MYG are exposed to say one bank and they want out then your really screwed - back to square one .Once in production then your a likely target for a take over if there are no other options ?

3- Leverage for growth down the track. The "banks" have all done business with you along the way. Eliminates the first date syndrome when it counts ??

4- Management can't be blamed for not looking for the best possible deal. I"ll have a $50 on it that once the finance is released i can quessthe first bunch of knockers to turn up on the MYG thread