GREY:STTYF - Post by User
Post by
carinthianon Aug 13, 2013 2:58am
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Post# 21665731
quarterly report....
quarterly report....
Frankly I am not sure how I should evaluate the information given.
Donner will need more cash to get things going.
Thunderbird will need more cash as something below 200k/quarter that is flowing to SND is disappointing.
I could not find a line in the MD&A if cash flow from Colossus is expected to be delayed.
Entrèe: Nothing new, it will take many years anyway until this thing kicks inn.
Canadian Zinc: As I understood from their February presentation they expect their permts in 2013 and want to produce by the end of 2014. If they get their permit and get into production in that timeframe the mentioned stream in the NSR agreement could be nice I guess - only thing is that I cannot imagine where SND should take take the money from...
2 other points that cought my eye:
1.) Cash
It says 2,8 mio. If they really can sell their assets for sale this would add another 2.9mio. thing is here that I do not know why they did not already sell the assets they got through the Anterra deal?
So cash is enought for 6-9month if I take into account 800k-1mio for G&A per quarter.
2.) Investments
5.3mio in common shares and the convertible debt. Beginning of 2013 they had somewhat 2.3mio worth had to adjust the fair value by 2.8mio and added 5.8mio.
No Conference Call on the quarterly and on info in the quarterly what to expect. Holding my shares but hopefully now my expectations are that low that the onl possible surprise is upside...
as always: DYODD
carinthian