Yes creditors are at the top of the list - your right !
However in this case IGS as a creditor would be at the bottom of the list compared to the other creditors of Santa Fe that have a first charge on their loans !
Hence there is only a certain amount of the pie to go around ! and when you are on the bottom you NEVER realise your investment return "EVER" !
This is not a good position for IGS at all nor its SH ! Effectively if this is the road taken IGS would see zero to little return of its loan !!
Hence again - IPO Latin Gold and realise something for us poor SH in IGS !! Seriously its a NO BRAINER !
IGS Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
