RE:BNK down again -2%I think it was just around the open today. Stock is currently up 7% (8 cents) according to TD. I think now that we have this Alabanian Tax issue sorted out (or at least the bank account being a hostage) we should be good.
About 5 mill a month is still sucky, especially given the fact that the issue is not yet resolved so it may get returned to Bankers with a positive result, it is a lot more manageable.
On the bright side, if we do turn out to be "victorious", the money returned could fund a good portion of the capital budget in that period so you could argue this is a potential pre-payment on future capital expenditures. And with the new development in Hungary, it would be ideal to steer this money to that development or something.
We will see what happens.
GLTA