They arranged a USD$100M loan less than 6 months ago and it's maxed out. The last 2 qtrs have seen massive debt draw downs......and that's why forecasts are so important, if the company can show they are in control of their costs and can demonstrate they have hit their targets their is less loan risk. Yes a better gold price helps, but if you want to extend a loan you must prove you are in control of your costs and the process.
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They arranged a USD$100M loan less than 6 months ago and it's...
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