RE: Goldstone Notes12 Mar 2025 09:28
40% of the debt is off the balance sheet for 16% dilution. This has drastically reduced the cost of credit. The bulk of the rest is a gold lone with our biggest investor AIMSL. This is extended til December 2025, however, could be settled with forecast production. I predict a compromise as AIMSL are invested in the future, so would prefer to allow GRL to use gold sales cash to increase production, Jorc and infrastructure development. They’ll benefit way more in a rerate than demanding repayment.