RE: Look forward to CD's 14p re-entry in September24 May 2022 23:01
Did no one tell CD Shanta entered the crown pillar in April. A month earlier than expected and production and revenue will be significantly higher this quarter.
in my opinion the worst case scenario would be a term loan for $15 million repayable from Mid 2023 over 5 years. $3 million a year plus interest should not be be a problem.
Well that would make sense based on last years poor production numbers but of course with production dues to rise considerably this year finding that $25 million won't be so much of a problem.Yes some finance will be required but not on the scale you suggest.
Eric did give an indication in his investor presentation of how things could progress at certain targets. He mentioned Masumbi as a prospect where they could do a joint venture with other parties to move it on.