Ann: Siana mine site - new production forecast , page-15

re: Ann: Siana mine site - new production for... As far as I understand, they are constrained by real estate, or lack of it, such that cut-backs vs ug are also limited in that regard.

I agree with you WJR, that today's announcement is a summary of what the creditors need to be told. But, I don't see a lot wrong with forward sales, given the predicament, as long as the repayment times are generous. If they have to "mortgage" it as part of the contract, and can't produce the gold for repayment within generous time-frames from here, then the project was obviously never meant to fly anyway. If I was a holder I think I'd resent the alternative of dilution more.

Who knows which way it will go.