GREY:SWYDF - Post by User
Post by
CravenRaven101on May 04, 2012 11:19am
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Post# 19871541
it's good news to me
it's good news to me LONG term debt...is a hedge agains take over...having some credit is better than having no credit...and given the potential profitability of Reynard who at this stage would quibble about the interest rate? it's payable in chas, equity or a combination...If nothing else one can use the terms as targets... If you average down to where the warrants are valued....and set your timeline to first production... you certainly won't loose money on this venture...and remember SWY still has a $100MM facility to draw on when work begins... MY take away is this... the money is going to personnel and procurement contracts... IF I want to make money on this news... I see where they are going to be sourcing their mining equipement from ...and invest there for the uptick the procurement contracts are going to generate for the supplier...
GLTA... one foot infront of the other...the march may be slow...but it is steady