RE:RE:RE:why are shares down? becauseGlad you think so...I too do NOT think there's a need to touch revolver.
There is ZERO chance they issue equity as people have said.
Once this Q4 is behind, Cash on Hand will jump and there should be no more anomaly quarters.
What I still can't believe is the 41 % haircut which is MASSIVE for this kind of stock...this is a producing operation not a Venture play. I have never seen such a sell-off ever in many years of following metals stocks on such an earnings release. This is my only point.
Killeen, who's one of the best at CIBC, only dropped his PT to $ 5 CAD as well.
JIN
goldminer01 wrote: Oh, they don't want to touch the revolver. The cash will pour in this quarter. That point was quietly made by Dahl CFO who I no longer even listen to --- so F'ing boring -- and I hate hearing how the accounting change really messed up all hope for EPS.
So if they reach 80K ounces, not all will have been sold, but they will end with a lot of cash.
They have essentially done all the capital cost for the year and will come in at the low end of capital spend.guidance. This is like another $6-8M in cash vs previous 3 quarters. I think cash
at gold $1280 will be in the $38-40M range. M&A spend is alarming.
Before they do dilution they will revert to the only less toxic tactic to raise immediate cash - sell futures.