It seems possible if the ounces have been ramping up this qtr with a close to break even cost followed by further hedge rolling forward and reduction of loan repayments. 2.5 mil from Macquarie so they get to ride the share price rise. Make about 10 mil in the next qtr to June and as the slide said have about 20 mil in the bank based on current gold price.
No announcement as of yet so has it all blown up with the slip of information. Are they waiting to sign off on the deal based on proving the additional ounces of the satellite Pit. Did anyone see the presentation the other day or note Dave's expressions?
It seems possible if the ounces have been ramping up this qtr...
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