GREY:STTYF - Post by User
Comment by
carinthianon Jul 10, 2013 8:20am
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Post# 21598242
RE:RE:Spoke with Denver
RE:RE:Spoke with Denver[quote=zentrarianNZ]Thanks for that, elmo. That's reassuring, but based on previous defaults, I'm sure we would all prefer DON and TBD to get back on their feet vs. taking a chance on the "guarantees!"...Fortunately, CSI is still looking good for late 2014 and the recent deal with CZN looks like a pretty good catch. (They only have about $15M cash, however, so hopefully they won't go the way of DON before they can monetize their asset.)...At any rate, I'm (cautiously) buying again. Should be lots of time to average down at these lower levels.[/quote]
Isn't there a regulation in the agreement with CZN that the NSR can be transformed into a stream within the next 2,5 years where SND is at least paying 90mio to them? So if SND does raise capital (hopefully at higher prices than now) this would be an interesting deal and the 15mio cash of CZN wouldn't be that problematic anymore. I mean it depends on their burn rate but... :-)
I agree - TBD and DON should survive to keep us from further delays as monetizing collaterals takes time...
I am currently waiting to increase my position but the powder is kept dry. Long term I still believe in this business model even for industrial metals. :-)
Just my thoughts. DYODD!
carinthian