If MYG doesn't get the OA's exercised, how are they going to pay for the convertible bond that will be due in September?
The timing is roughly right and if convertible bonds get converted at below 5c isn't that worse?
It is MYGOB that you should dump.. unless you think the SP will be at 14c come november. which would require 3x current SP, a bullish gold price and production commencing (which there is no chance of that happening in 2013 as ball mill hasn't even been ordered nor has construction started).
great wall of china, page-15
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