GREY:LBEFF - Post by User
Comment by
trailorparkboyon Aug 20, 2010 2:06pm
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Post# 17369649
RE: RE: All the really matters: The Facts!
RE: RE: All the really matters: The Facts!Doing,
Nickel was going on about the production cost per pound recently, but insisted the debt servicing be excluded from that figure, like it didn’t exist! Anything after the production costs are paid (although they continue to incur an operating loss) goes to the debt. A fine point but true. The question becomes can they pay it off in time to prevent JJ converting that debt to equity (major dilution).
I think you laid it out pretty well. It is very unlikely and I don’t see them coming even close before May 25, 2011. They are just pumping sunshine.
trailorparkboy