Some random thoughts: Wouldn't a conservative business/mine plan be the best approach to obtaining competitively priced finance? After refinancing, the key question becomes is it a viable business? One way of looking at this is, that if they get the finance then someone presumably has done the due diligence that the business/mine plan stacks up. I take the point that the financier could have first call on some assets if it goes awry but isn't that plan 'b' for a financier rather than the primary purpose of giving a loan. So in a nutshell if they get the finance isn't that a good sign? Then it becomes a question of how much the refinanced BSM is considered to be worth and the consequent share price, which we may all have to wait to see.
BSM Price at posting:
20.3¢ Sentiment: Hold Disclosure: Held
