OTCPK:ERILF - Post by User
Comment by
poneon Sep 29, 2017 7:03pm
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Post# 26761265
RE:RE:RE:RE:RE:+ - 50 cents
RE:RE:RE:RE:RE:+ - 50 centshawk_ wrote: " Debt is healthy in this case because it finances the growth, and the EBITDA that is realized from that growth is at a healthy level relative to the debt levels."
This is the Casino that we trade on. And EIL is a junior resource stock with amazing drill results. A real goldmine. And how do you finance a goldmine? ............as to your ?
Your answer pone is trust. Trust in auditors. This little goldmine will now get paid not only for future exploration, as in building the best rides with leverage to select those contracts that appear to have the most promise to partner with, or simply 'sell' the naked ride. Moreover they become, what they are demonstrating, innovators who can grow those partner to their, ie 'our' benefit......cheers hawk
That' is a very bad analogy. Mining requires capital expenditures for undetermined gains. It is a speculative activity by its nature. EIL is a product company, and any negative cash flow that they must finance is to pay for a secured order. It is a totally different case than a resource company.