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HRc60

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HRc60

Re: finbar99 post# 6032

Tuesday, 04/30/2013 1:02:21 PM

Tuesday, April 30, 2013 1:02:21 PM

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The minium bid was fixed over 330M$ (150M$ + 126M$ + 45M$ + interest + $$$)

A 600M$ Bid was there in september 2012.

Southgold will not be sold.

Southgold will be rescue by an equity infusion or a new loan.

Credit Suisse is now toasted.

Bondholders and Sprott Capital can supply the new loan with a priority over the 150M$ loan of Credit Suisse and Standard Bank.

Bondholder and Credit Suisse and Standard Bank are now at the same priority on the Southgold assets.

Anything can happen now
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