ann out: financing facility, page-7

Of the $75mill on standby, only $35mill is for revolving cash facility.

$20mill was for "environmental bond and bank guarantee facility to replace existing environmental bonds."

$20mill for "asset finance facility (secured by the underlying equipment)."
Sounds like this is for equipment not acquisitions.

"These facilities have been put in place for financial prudency purposes"

As for acquisitions, we will have plenty of cash in around a year and we need time to bed down the IGR assets and get Murchison commissioned.
We also have plenty of new and existing ground to explore.

However there are plenty of cash strapped and desperate juniors out there for cashed up producers to take advantage of when we are ready. I would like to see some further good acquisitions in time while there are so many bargains that can add value.
Hopefully the Chinese don't take all the better ones first.