yes Jal,
I don't think they went as far as ruling out any financing . Maybe they don't know for sure if they need it or not now or in the future.
Anyways, this news release is a very good thing because shows that FQ is honoring previous agreements PTQ had in principle (or otherwise) with Inmet and goes a long way to establishing a friendly mutually prosperous relationship with their rather large neighbor.
The aggregate agreement means they establish a very profitable income stream. The forgiving royalties immediately improves the balance sheet.
Since POG is way down now, it does not make financial sense to buy out the gold and precious deals they had with Deutsche bank.
If you have eliminated most of the need for the loan and have established an income stream and improved your balance sheet, it seems to me that there is little to no need for a loan at this time. At worse a vastly reduced size of loan.
I can live with that and rejoice in the progress made. I would think the market will realize the significance of this and pop even better if the POG ever heads back up.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
