RE:myhoneypou liarI guess i will spell it out for you.
NVA current market cap = 191 million
Bonds held by investors = 220 million
EDC Loan = 40 million
All of these investors would have to loose all their equity, before any banks would be at risk.
191 + 220+ 40 = 451 million
So that bank line is 440 million and the current and they have a 40 million EDC loan.
In their 3rd quater results they say that Long Term debt is 393 million dollars.
So it is beyond me why the banks are being so hard on NVA, it does not make sense.
I think the CFO is doing a poor job with the lenders.
IMHO