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Re: tsoprano-1 post# 1292

Tuesday, 03/11/2014 8:46:37 AM

Tuesday, March 11, 2014 8:46:37 AM

Post# of 1856
"The Notes will bear interest with an annual coupon of 11 per cent and represent direct senior secured obligations of San Gold. "

Having to pay 11 per cent interest on about $ 23 million is going to be ROUGH!

At San Gold, they are going to really need to work hard over the next three years or they will be on the auction block IMHO!

If they take on the extra debt increasing to $ 65 million well ...

Debt is always a massive concern so....

They must turn a profit soon or else...