ERL 14.3% 0.3¢ empire resources limited

Ann: Penny's Find Gold Mine Amendment to Financing Arrangements, page-3

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  1. 102 Posts.
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    I think with the grades they indicated early in this last campaign there is profit. Plus also more tonnes then they expected for this campaign. You wouldnt just extend the debt period by 14 days unless you where very confident that you had it covered. Add back over $1m brimstone owe them and any win they have with Burbank's mill and they should be sitting on cash by financial year end. It was marginal back a few months but with what we know now, us shareholders can feel much more comfortable.
 
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