RE: CCAA in weeks (or less)DILDO DICKWEED BAGLICKER,
Your broken record bs is now worthless to this board.
"With respect to our Secured Notes, the covenants are in place primarily to limit the total amount of debt that OPTI may incur at any time. This limit is most affected by the present value of our total proven reserves using forecast prices and costs discounted at 10 percent. Based on our 2010 reserve report, we have sufficient capacity under this test to incur additional debt beyond our existing $190 million revolving credit facility and existing Senior Notes. "
Oil prices and production will increase this year! If you argue that, you are a complete idiot!!!!
What does opti have left for cash?......$350 million?
In 2010 OPTI lost $297 million. IF all things considered equal for 2011 including foreign translations, depreciation, higher capex, etc, Opti may burn up to $350 million.......AND THAT"S IF PRODUCTION STAGNATES!! If you factor in more production and higher oil prices, it is a no brainer that we have until the end of the year to see where the chips fall!!!! ABSOLUTELY , POSITIVELY, mid year until we need to start to worry and start counting the days.......so quit jabbering bk bs all day like it just hAaas to happen!!!!!!
Oh wait......this is suppreme short hunting grounds....isn't it? That's why you have to lie all day.
End of story.