RE: More debt and a delay to repaying it28 Sep 2023 07:52
Not really,
All gets paid off in two years bar 15 million which is equal to roughly the interest and not payable until 2028.
Good update apart from no name plate confirmation which seems like they're not going to bother with, by waiting to announce steady state instead in Q4, which tbf they always communicated that was the target. Earlier commercial production which we all expected was BB expectation of which I am guilty off.
Clearly visible now though that yanfolila can cover the debt and return a profit all in it's own which is a great position to be in once the gold does start pouring regularly at Kor.
On the whole not bad, better than a 24 million loss like last year.