You are really wrong. This PR is most positive we have had.
1, the company used 40MM of previous 90MM financing to payback high interest loan. The management is not that stupid as you expected to save the money in bank and pay high interest for the loan. It indicates the management knows how to use money.
2, when the company needs money, it can refinance at its will so easy, but no any dilution. It indicates the company has good reputation in front of banks and the company also must be a good shape now.
3, The company refinance not because it needs money for survival, but because it is for "intended to allow for the increase in operational working capital at both Namoya and Twangiza ahead of the onset of the rainy season, in order to secure production activities and the continued ramp-up of Namoya."
4, not to say the high grade newly found mine ore.
Which one of the above four is negative?
