Post by
yoshka2000 on May 31, 2016 7:20pm
financing ?
For $20 Mil. you could buy alot at the equipment auction in Alberta or else where or if not all of what you need at a fraction of the retail price and still have cash leftover. So are they being led like sheep or are they going to do their own shopping? For me, this going tobe the LAST STRAW. THERE IS MILES AND MILES OF ASSORTED HEAVY EQUIPMENT ALMOST NEW FOR,..........1/5- 1/4 OF THE STICKER PRICE? All you'd need to bring with you is a good heavy duty mechanic and $20 mil.????
Comment by
ncpk on Jun 01, 2016 6:45pm
Your assessment is absolutely correct. The cash strapped oil sand big or small companies have been dumping all their unused heavy duty mining equipment at a mega loss. These stupid dorks are not aware what is happening in Alberta for the last couple years and are overpaid or being duped for the mining fleet financing deal.
Comment by
nilyab on Jun 01, 2016 7:45pm
If so, they are asleep at the wheel again, just as they were not converting their cash holdings back to USD where the CAD was at par with the USD.