ramping up production, cash flow & exploration, page-18

jantimot nice reply well done with your trading to date:-)


covering with loan capital?

4.2 Hedging & Pre-Paid Facility with Credit Suisse
A total of 367,163 ounces of silver were delivered into the company’s hedging and prepaid facility during the quarter through physical delivery and financial close out.
The Company’s current forward silver sales and pre-paid commitment is 429,964 ounces at an average price of $33.83 per ounce

4.3 Short term working capital facility
During the Quarter the company entered into a $1.25 million facility with Seaspin Pty Ltd, a company controlled by a Director Mr Charles Morgan. The working capital facility was obtained on normal commercial terms is unsecured and is repayable on or before 1 July 2013 or from receipt of equity funds greater than $2m whichever is earlier. At the end of the Quarter an amount of $500,000 remained undrawn.

thats not alot i have mates with houses worth more than that