RE: RE: RE: RE: Can Haywood Lead us to the PromiseThanks for the input - what you're saying is that 20MM is going against the hedge and 20MM is going against debt without any commitment to the 10MM mill improvement?
23% share dilution without increased production for:
- a 10M increase in cash flow from the hedge, and
- a 20MM reduction in debt to 20MM total debt
Makes sense I guess - they are attempting to present a better cash flow picture at the expense of EPS. I think there will be some trading opportunities in the future. I will probably take some off the table to lock in the 39% profit on Monday then and wait until they commit to mill improvements.