So from that its clear there is no rush to pay back any debt. The interest will just continue accruing. Which means more refined nickel is lost to shareholders.

I was hoping to see the paying down of some debt as a catalyst in time for the much greater May 2011 deadline. That one does not seem to be so flexible.

Since we saw the cash balance being zero at June 30, and an extra loan given by JIIL in mid-July, I guess I'm not surprised.

It does however put a dent into the companys plans of paying down the debts in Q3 and Q4.

Since we are on the subject of handing out money, any chance I can get a JIIL loan. Wish my bank was so generous.