Matt GWA.V GWSAF Sure you saw the news.
Gowest Gold Provides an Update on Financing
TORONTO, ONTARIO--(Marketwired - Dec. 9, 2016) - Gowest Gold Ltd. ("Gowest" or the "Company") (TSX VENTURE:GWA) is pleased to provide an update that the Company and Pandion Mine Finance, LP ("Pandion") have agreed to extend the closing of the previously announced US$17.6 million financing (see Gowest press release dated October 31, 2016) for Advanced Exploration work at its 100% owned Bradshaw Gold Deposit ("Bradshaw"), part of its North Timmins Gold Project ("NTGP"). It is anticipated that definitive documentation relating to the financing will be signed on or about December 16, 2016 and further details concerning the financing will be provided at that time.
Gowest wouldn't give us an update and than be embarrassed with a let down unless they thought it was in the bag. The update is esp positive for me. I do however wonder if Pandion is playing it safe and waiting to see what the Feds do next week in case they do something stupid like drop gold down to $1000
Had a conversation this morning and my sentiment reader was very positive. Other than pushing forward, ground and infrastructure prep, they have been holding back news or anything else requiring money until they ink this deal. I expect some good news flow as soon as the ink dries. I bought over half todays volume and still bidding. The news should bring some fresh eyes and cause some calculators to start crunching numbers. Im expecting a good financing deal to bring us to the low .20s and additional news flow to carry it further.
Checkmate28
