re: Ann: Financing Documentation Finalised fo... Hi Loki,Not...

re: Ann: Financing Documentation Finalised fo... Hi Loki,

Not privy to all the conditions. Just that they are "not of significant concern" and some are just Mac Bank process, eg registering the documentation in Dom Republic.

I do not think hedging has been done yet - and rightly so. How could BJ hedge gold production when financing wasn't in place allowing plant to be constructed? Thus, I think the hedging will be done some time in the future and will be released to market as per continuous disclosure.

As per announcement BJ is stumping up the money on an unsecured, non interest bearing basis. I know nothing more than you here.

I certainly don't think this involves equity as that requires a shareholder meeting (according to BJ) as he is a Director.

So - BJ provides $$ to keep LL going until Mac Bank conditions fulfilled. Hopefully, as Plough says the long lead time items wont delay project start at all/ too much.

Corporate activity can now recommence too, now that Mac Bank risk removed. Eg:

(1) Get rid of JV partner at LL
(2) Get Latin American cornerstone investor in
(3) Look at adjacent properties to LL
(4) Advance Ecuador project

All just thoughts. I am happy however and amazed that so many shares have been dumped this morning; 3.2m at less than 7.0c.

I would have thought SP would be up at around 9c odd.

This company only has a market cap of $22m with 484k oz reserves, a partially built gold plant, funding in place and mining to commence in early 2011.

On top of this there is a possible 1m oz resource in Ecuador... all for $22m... c'mon !!

Cheers
John