re: Ann: Financing of Las Lagunas Gold Projec...
Glad someone is still bullish John.
I feel a bit like an old boxer, Mac Bank and EVG have smacked me around the ears a couple of times to many, not sure whats happening anymore. Waiting for finance is like waiting for the bell at the end of the round, its getting painful.
As for the hedge, whatever will be will be, if they can get LL producing it doesn't matter much, and like Redback Mines in Ghana, increases in production can quickly discount forward sales.
Production is the key ---
My thoughts on possible, even probable, gold bullion prices are know and I wont bore people any further.
So we are all in the swim together, if we are feeling the pain, I imagine Brian is feeling it about 10 times worse.
As or Macquarie Bank, its a mystery to me ---
PS: --- I cant imagine they would even think of locking in forward sales until finance was a done deal, that would be very frightening.
Regards to all --- Jim.
I had to laugh the other day hearing some Polly talk about the new resource tax, said he had never seen a miner short of money. They are funny people.
EVG Price at posting:
5.5¢ Sentiment: None Disclosure: Held
