GREY:HRIVF - Post by User
Comment by
Honkeybillon Oct 13, 2009 4:01pm
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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?