Replies to post #11050 on Value Microcaps Junior Miners

[nsomniyak]

so--do these look like good terms for SMC?

[curlews]

This seems good, but the $8M loan must be just for keeping them afloat. I was waiting to hear whether they could get the $22.5M loan for expansion of the Orosi mine/mill that was canceled in October. I did not realize they had an emergency with a loan coming due very soon.

The cost of the loan extension is approximately 8% additional cost (from the shares) on an annual basis, plus the cash fees, plus the change in existing warrants, so the lender did not give this to them easily.