i would have thought it would be better to pay the 16 mill...

i would have thought it would be better to pay the 16 mill required from cash flows from sappes sale....

i wonder if this suggests the glory raising was not sucessful??? this would be a surprise given el dorado put their support behind it. I would suggest any failure of GLY raising would result in trade sale with el dorado anyway.

then again it may go through but tony wants the funds for other purposes and raising at approx 50c is an easy way to keep more cash available - mmaybe to build a larger AKI stake?

i am guessing we will find out about glory raising today either way. good luck all!