Hi Pro
We already talked about the con note, if its non dilutionary then No CR which now is a non event anyway. Either someone gave them the money, they rolled over the loan, or have a refinancing strategy. I made the comment previously the creditor would probably be well advised to carryover the debt, otherwise if they were to foreclose then they would probably be left with a number of assets out in the middle of Namibia they may never be able to sell on, certainly not in the short term, why wouldn't you just let the high interest rate roll on with a company that has the technology to make it all work eventually. There is no way LPD is just going to fall in a hole and lose everything, they will have a strategy in place and we will find out in a couple of days. However I don't think its going to be some fantastic turning point like an offtake agreement with finance up front to cover the con note, hope I am wrong in that case though.
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0 | 0 | 0.000 |
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