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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by templetoothon Aug 12, 2011 5:33pm
408 Views
Post# 18937572

RE: RE: Earnings just out!

RE: RE: Earnings just out!Just going from memory, if the Caroil deal goes ahead, long term debt will be approx. $170 million. It's one thing to be the US gov't. and are able to borrow short term for 0%, 30 years for 3% etc., but during Lehmanesque events, the rest of the world can only borrow if they can prove they don't really need it. Those who do NEED to borrow are somewhere between skewered and impaled. Have been watching this story unfold, and made some good coin previously, but this debt picture has me fence-sitting.
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