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Re: bostonseb post# 57999

Thursday, 12/01/2016 4:12:25 PM

Thursday, December 01, 2016 4:12:25 PM

Post# of 63744
You lay it out well; cash flow, quarterly expenditures. I am encouraged by Martin's outlook as positively conveyed regarding a refi. On the loan due yesterday, likely (maybe) they decided to wrap this $10M into a refi arrangement, possible one party buyout of the other's share of the loan as you have suggested.

The burn rate is concerning, yet is going into ongoing mining operations, yet decently to capex. Building out rain mitigation, tailings facility, continued exploration and survey assessment in particular Namoya underground mine expansion, operational mine efficiencies, fine crusher installation (ooops), what else?

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