Hi spid81 read the the first line of the paragraph..
To date there is only one of us that reached out to the company to have this clarified which was my original interpretation until you muddied the intent of the announcement…Suggested it was in 283pg document that anybody find…Oh it’s at the office which would have been nice for you mention…
Saying you can not be bothered to contact the company and find out directly is not an excuse…”It’s a cop out”
Gemcorp will benefit from upside participation baden a percentage of free cash flow…There is no debt service cover over the loan as already announced by the company…
The paragraph is in reference to upside payments requirements as they would not want Gemcorp over drawing a buffer zone and placing financial street over the project…
The free cash sweeps also allow the company to make other investments decisions prudently of course…We have both Amani a few drill holes would be nice, buy back options, and Downstream processing to consider…Also Retail would like a return on a portion of their investment….
Regards Croc (You do not understand the announcement and refuse to contact the company the find out)
Hi spid81 read the the first line of the paragraph..To date...
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