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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Comment by Honkeybillon Oct 13, 2009 4:01pm
260 Views
Post# 16384292

RE: RE: Detour soaring today

RE: RE: Detour soaring today    Sounds logical Production.........if the contract with Royal prevents HRG from paying off the debt in the event the collateral is converted to cash, I agree the exact amount of funds needed to secure the remainder of the debt should be held in escrow and used to make the remaining payments. The excess funds should be free to remove the Severstaal debt and, because the funds being held in escrow are being used to pay down the Royal debt, this free's up even more cash flow for further debt reduction, productivity enhancement or exploration.

    Tell me again why this is 44 cents?
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