EMR 0.86% $3.46 emerald resources nl

However the company had negotiated a loan at 6%, but had looked...

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    However the company had negotiated a loan at 6%, but had looked for better terms elsewhere. It could be that the first lender was good to go without the MIA at the higher rate, and it might have been in EMRs' interest to take it and get on with the job. Now we wait for the latest lender to complete due diligence. That might have been completed already, but waiting for the MIA before go ahead. Now I think that time is getting short to get everything ready for construction during the dry season. Because part of the funding is to be by scrip issue. I wish they would make an announcement as the SP rises and falls, giving us grey hair. When does the next Q report come out? Hun Sen has been elected again as prime minister for a period of 5 years in a landslide victory with over 75% of the electorate turn out. This certainly gives a long period of stability to get the mine constructed and into production. As it was estimated that the loan pay back could be completed in 2 years, then the lending banks may have better certainty of getting their money back.
 
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