Ann: First Gold Processed at Rose of Denmark Gold Mine, page-41

OK, if that was tranche C what happened to the floor price? I didn't do the math between the two and made the assumption it wasn't tranche C due to tranche C previously having a floor price from memory. But as an overall picture conversions are way less than what is being borrowed.
There are convertible loans aswell and notes, read the last cashflow report. $500k was added last quarter and $1.5mill worth moved from being convertible notes to be convertible loans. There was no mention in the activities report about the $500k convertible loan it just appears in the cashflow report for the quarter.