Ann: Tucano Update and 2018 Review, page-16

In the nicest possible way the CEO is telling us that we should accept the GPL deal as it’s the best available and we will at least live to fight another year. I have come to the same regrettable conclusion as without it I see either bankruptcy or another 2 years of battling with little or no free cash and debtors and lenders knocking at our door the whole time. I am bullish on silver so for me I can see some blue sky to balance the pain of the deal itself which as others have said was perfectly timed.