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cdma01

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cdma01

Re: Blindsquirrel post# 489

Thursday, 05/23/2013 4:27:57 PM

Thursday, May 23, 2013 4:27:57 PM

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You asked for a news release, here it is :

http://finance.yahoo.com/news/sutter-gold-mining-inc-signs-200800471.html

Sutter is becoming more and more indebted to its lenders/controlling shareholders.

Note the rate of interest Libor + 15% !!

With such a small reserve base, SGM badly needs to come up with better grades and much more reserves and fast. They are buring up a lot of (expensive) money. They don't have much of a choice and probably could not borrow money elsewhere in today's market.
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