Stay of execution for Eastern Goldfields

IMPERILED Eastern Goldfields has managed to loosen the noose around its neck, with executive chairman Michael Fotios convincing Investec to hold fire on any action following EGS’ failure to make a A$5 million plus debt repayment on August 1.

Stay of execution for Eastern Goldfields Stay of execution for Eastern Goldfields Stay of execution for Eastern Goldfields Stay of execution for Eastern Goldfields Stay of execution for Eastern Goldfields

Eastern Goldfields is looking to be saved from the grave.

The company, whose website promises "a bright future", looks again likely to deliver investors anything but, however it has managed to convinced its syndicated facilities lender to hold fire -

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