RE: Gold loan14 Apr 2025 09:38
Following and subject to the issue of the Conversion Shares, the outstanding balance in respect of the Gold Loan and accrued interest will be reduced to 2,266.63 troy ounces, being the principal amount of 1,871.43 troy ounces plus the remaining accrued and outstanding interest of 395.20 troy ounces, which will continue to accrue interest at 14%.
The y laid a lot of the debt off by issuing shares (total 940 mill in issue now)
The above is what’s left and they will gradually pay that off which won’t be a problem once they hit the 1000 oz a month target.