Monday, March 30, 2009

Note - 2 weeks remaining

for the US$65 million debt financing to be closed off. Time is moving fast. It's hard to believe that 1 week has already elapsed. I hope to post another countdown note at this time next week. I bet these next 7 days feel quick also. With the close off period being only 21 days in total, it would suggest that perhaps all parties know what they want, and are looking to get this done ASAP.

2 comments:

roxy14 said...

Production
Remember this is Century Mining
so try not to get too worked up.
Then again, I must admit, I have
a big red X on my calender representing D (DEAL) Day.

production05 said...

Roxy, true you are.

It's odd though, as I was almost surprised that it has been one week already, or 33% of the 21 days. It's probably because our wait time was substantially longer with the other situations. With Fortis, we waited for almost 10 months. Fortunately, it didn't end up being wasted time, as it was the critical work done in those 10 months that allowed us to be in this position (21 days to closing the new deal).