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11:07
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Originally posted by kojak78
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I think what needs to be done is not only not repaying the remaining debt but reversing the debt, take on more debt. Now that Troy has a very promising target and a very focussed exploration plan with indications that Goldstar alone has the potential to be larger than Smarts and Hicks combined there will be need for development capital. Maybe even a new plant in the future at a better location in the case they turn up a world-class deposit at North Karouni. From business perspective it is madness to pull money out of a developing mine. Also I see the benefit of multiple small scale capital raises once needed if the purpose of the capital raise is not the repayment of a loan but goes into activities enlarging the pie.
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Yes taking on some more debt at this time may be ok but the terms would want to be good. More drilling and pick the eyes out of the prospects. Mine the best stuff and bring in the big dollars.
