BillC are you suggesting that if there is no production then KBL does not need to repay outstanding amounts to Quintanta?
Explain what would happen if the company ceased operations tomorrow, would Quintanta walk away from its debt? I thought I saw a post that said they had security over everything...this leads me to conclude that no matter which way you classify it, the debt is payable.
Once the debt has been repaid there is an ongoing obligation deliver 12.5% of all ongoing production to Quintanta at significant discount to market i.e gold at USD435oz. This component of the transaction may be contingent on production but not the part that is used to repay the money advanced by Quinatanta
KBL Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
