they did blow the budget but still refuse to admit - and that's an insult to all shareholders who can add numbers. no one needs more debt if the project meets the timelines and is within the budget.
however, the current deal is good - in my view and as long as ALK does not miss production targets. the main point is ALK can now sell more ounces on the spot market to take advantage of the high gold prices. on the negative side is the hedge-book will not clear until 2027.
Ann: Tomingley Debt Restructured, page-2
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