RE:Goodbye , for now. Sorry for causing todaysthe ceo said the initial capex US$14 million can be met entirely from cash flow from existing production. in other words, no problem. or are you saying he is lying?
the financier is not taking much. the financial statement says the expected remaining repayment of gold oz to CRH is only 12k oz over 15 months.
the pea news release says 2019 expected production is 80k oz AuEq with the expansion or 60k oz without expansion. that is way more production than 12k oz. all companies have an accounts payable that is rolled over every year. 2019 production is expected to be much higher than 2018 so they will be generating more cash.
the pea mine plan calls for 2019 net cashflow of $21M, followed by $100M each year for 4 years. total LOM net cashflow of $1,031M
a billion US dollars in net cash is a lot, not counting exploration upside.
US$100M net cash in 2020 when current market cap is less than CDN$200M. imagine how crazy that would be. i can wait for that.
Triggerman wrote: Little pullback , but it made a double for me and my strategy forced my exit and profit taking.
I do believe the future is very bright for KNT and expect this name will be acquired within 2 years.
A/P is an issue right now. As is financing the expansion plan while KNT’s primary financier is going to be taking the gold that is owed to them , this year.
As these items are dealt with , I will be back to buy the pullback.
Now, I need to find a name to put my capitals back to work.
Thinking Argonaugt Gold.