Yep,short on cash is the story here.
But at least this is a better option than the garbage stunt they pulled with the call option disaster.
$40US million a year for Didipio plus the call option disaster is sucking money out of this baby in a big way.
The price of oil continues to come down with the share market debacle ongoing so cheaper oil means cheaper costs from a mining perspective.
Ann: OGC Enters Into $78.5 Million Gold Prepayment Arrangement, page-9
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