GREY:STPJF - Post by User
Comment by
XKidon Mar 27, 2008 11:01pm
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Post# 14914971
RE: Soon to be
RE: Soon to beTakes roughly a year for the transmission of lower interest rates to raise output, and 2 years for it to have an effect on inflation. I'm quite surprised that the U.S Recession fears have hurt us so much. I feel prety
By underdrilling this season, we have ample cash on hand to wait until a better share price before conducting another round of financing.
STP has enough cash to conduct the necessary environmental studies, and to put together an EUB application. That's the most important thing to do this summer. Get the application out as they're looking at over a year until approval.
Our reserve report comes out before June, no additional funds needed by then. If nothing else gets us back to a more reasonable SP by then the reserve report will.
I feel safe in the long term, safe enough to hold on tight during 0.80s and .70s if it gets to that.
My bet is 1.2 before 0.6
Cheers all