financing and siana mine build update, page-14

I expected them to swap debt for equity later on to redress the last cap raise fiasco. This is a little different.

No comments from posters on what this means:

a.) $12m less funds for Mapawa exploration. The ann.made 8-Oct.2010 of the "compelling" short term facility spelt out that $US20M would be "quarantined". 20-8=12M less.
b.) Less dilution; 32m fewer shares that will to be issued
c.) The imprint of the instos are on this ann., it is the outcome of dissatisfaction votes at AGM and a swift volte-face on the prepay facility negotiated only 6 months ago.