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Agreed 28th april was the final repayment date. I have a vague...

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Adds123

136 Posts.

29/04/18

20:42

Post #: 32750905

Originally posted by tjsol ↑

Just reading over the past few announcements about ERL.

All debts to Blue Cap Mining are to be paid by 28th April 2018. (15th Feb announced)

My calculations from previous announcements for gold produced.

Column 1 Column 2 Column 3

1 Dates
Ounces
Estimated cash (60%)

2 12^th October
1500
2 million

3 7^th December
1800
2.8 million (missing money?)

4 21^st December
4200
7 million

5 26^th March
4906
8.5 million

6 24^th April
2500 (to date)
18,000t outstanding

10 million (estimate)

7 Total
12,400oz + (6500)
20.3 million + (10 million)

Tomorrow I feel is a big day IMO

DYOR

Expand

Agreed 28th april was the final repayment date. I have a vague memory of Bluecap agreeing to accept Burbanks GIC as part of the repayments, once settled ? will need to confirm. All said and done we should be cash flow positive with the remaining funds from this campaign. Bring on the underground FS !

ERL Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held

2 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3
1	Dates	Ounces	Estimated cash (60%)
2	12^th October	1500	2 million
3	7^th December	1800	2.8 million (missing money?)
4	21^st December	4200	7 million
5	26^th March	4906	8.5 million
6	24^th April	2500 (to date) 18,000t outstanding	10 million (estimate)
7	Total	12,400oz + (6500)	20.3 million + (10 million)

Agreed 28th april was the final repayment date. I have a vague...

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