Credit where credit is due. Mgf has de risked Banfora with both anns this week and they will have ensured they get the best financing deal they can given current climate.
Hedging is a normal part of such arrangements and will, as the Ann says, be fixed in the future (prob near term) before GRY draw down on loan facility.
Frankly, I'm pleased to see they can start to execute against their plan and get closer to cash generating production.
Whether they do remains to be seen with today's (pitiful) bid for PIR.
GRY Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
