cochrane hill purchase, page-18

Good to see action on the ATV topic.

Agree with all that has been said, AU Mining seems to be an unkown with various theories being proposed. Hopefully the latter is correct, although does not give them a whole lot of credibility if they did back Navigator in my opinion.

At the end of the day, as long as they have the loot I suppose. What concerns me is that I would expect for a party such as Au Mining offering funding to develop Touquoy to push for something along the lines of 4 year convertible notes, with; modest interest, security over everything ATV, and an 8c option after 4 years. Whilst this will generate the returns they are after on their capital it is less than ideal for mug punters aleady in the game although better than equity raised now.

I reiterate that I think we want a straight loan and willing to pay 20% per annum. I would expect only conventional financiers etc will offer funding of this nature, funds and high net worth individuals need a greater return on their money.