I think I was largely correct.Generally it remains that the...

I think I was largely correct.

Generally it remains that the Coburn debt is only secured against Coburn.

The only exception seems to be that to obtain extra funding in March from bondholders of around $20 million, Tanzania was offered up as security BUT JUST FOR THAT additional funding.

So, as far as I can tell, roughly half of Tanzanian proceeds are still held outside the Coburn lenders' net.

Am pretty irked that this was not well communicated back in March.

However, management and the Board have the best vision of the highly leveraged Coburn and its operational improvements to (and since) March, so they must have been convinced tipping in $20 million more was worthwhile for shareholders.

Time will tell (soon).