Borrowing $US. in a rising $US/Can. currency market....NOT GOOD!
Instead:
1) Sell Forward 10,000 oz. every 3 months on Shanghai exchange, for Canadian Dollars. (Or Yuan with currency hedge) Screw the Americans. We do not need their money.(Except to pay interest on those dumbass $US loans). This will give us $15.5mil. Tell Lenders what you are doing. Get their approval as required. Do this 3 or 4 times this year.
2)Re-list on the Venture Exchange. Must Mine- like- hell.
3) Reverse split, 3-for-1 should do it. Find Chinese investor (see Pretium) to buy shares on open market up to whatever %. Sell Gold to Chinese for $Can. (they could probably sell for a premium over the rising gold price).
We must keep all costs in $Can. We must get out of this mess. We are too close to a major gold price explosion to be shut down now. Gold=$1534 Can. I'm thinking over $1600 before end of the month. Just my opinion. I am disgusted with what the Americans are doing in the markets, and in the world.
Obviously this plan would need some fine tuning. Thoughts ALL??
streetgeorge
