Ann: Mutiny Gold Ltd books $11m profit , page-5

Thanks Lederp,

My view :

1.
CS may not ask MYG to repay its loan from hedging profit, it may be MYG who initiate to repay CS' loan and to refinance at a lower rate with other banks. Remember, interest rate has gone down considerably since then.

2.
If you read carefully, it stated " One bank has received credit approval for its 50% share of debt funding package"
I would interpret it as the bank has 50% share of the funding package. and its been approved.

3.
If you said MYG couldnt get finance on current balance sheet, yet MYG receive additional bank expressing their interest to participate.

4.
You mention that MYG can produce at $900/oz , if your calculation correct, I would not worry if gold price ever go down to $1300/oz... MYG will still make money right?