Don't know why people are surprised with the revised forecasts....

Don't know why people are surprised with the revised forecasts. It was explained by brain if steady production could be achieved, the chances of a refinance of max bank would increase. As there was no refinance then one could easily conclude that production was down on the quarter. Exactly like I was saying yesterday. People need to forget about refinancing, who would finance a company with a variable production history, who is not very profitable at all. No doubt Mac bank will reschedule the loan, pgi will pay big fees and interest for the that, and the repayment schedule will be pushed out beyond 2016 to 2017 or 2018. Bottom line is LL is not a very profitable mine with the current cost structure pgi has. Surprised the shares haven't drop by more, this company is in desperate need of a capital raise, especially if it wants to progress Polaris to a jorc deposit of 10 years + of production life