production funding, page-6

Good post , Suricat.
But more thoughts to ponder :
>the more Equity raised ( and the attendant share dilution), the less Senior debt raising to get us "out of the ground and producing ".
> the less Senior debt , the less hedging .
> the less Senior debt , the better your terms of structuring the debt raising
> the less hedging , the better the Project prospers as thr gold price increases ( and it will)
> the less debt , the quicker the payback time when production starts .

Avoca started to motor forward when it had its equity and debt in place , and only hit the wall when the GFC hit .


Would you rather be in IGR when its the "hunted", with most of the boxes ticked and on its way to production and new discoveries in the (possible ) pipeline , or in a gold stock that is fighting to keep its resource and discovery prospects in pace with its production schedule ?????

Sure , IGR has 9 months or more before it pours its first gold , and the share dilution is not "WONDERFUL" --but hey , they are almost the next Aussie gold company to go into production , an IRR of 71% is exceptional , and they are drilling the bejesus out of nearby prospects , to improve the position even further .

Pala isn't chasing IGR for fun --its shoring up its position in AVO as "insurance ".

A company that has * cash * a production schedule and timeframe * tenement ground * consistent finds * an aggressive drilling campaign * an increasing resource and a "fail safe " Project that has been stress tested .
Well -find me another Aussie equivalent ( other that a new find ) and I'll be happy to be an investor .

I guess you either back management to give you a robust gold production company that makes you money , with high exploration upside , and all the hallmarks of a takeover "prey" ---or you move on because you are dis-enchented with dilution and can find a better equivalent.
cheers