GREY:STTYF - Post by User
Comment by
denisonodon Nov 09, 2012 8:49am
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Post# 20580492
RE: Cash on hand
RE: Cash on hand Elmo,
Don't forget, the $15M payable to SSL for the Colossus stream can be in cash, SND stock, or some combination. A lot depends upon the price of SND when the payment is due. If it is well north of .70, then I can see using some shares. If it is the current range, then they may have to use cash or they could have SSL carry them for another year, or less. My point is that they are not obligated for a full $15M cash in about 11 months. GL