May vs April presentation In case this was not posted yet, here the differences between April and May presentation. No big changes and some matters already addressed here if I recall correctly:
page 4 : they added as opportunities "Re-financing of debt" and "US listing".
I hope refinancing is not converting debt into shares for the lenders but rather better rates or payments schedule. Note that both senior and subordinatged credit facility have no penalty for early repayment... just saying... when free cash flow is here... it could be used for this as well if no other more interesting opportunities.
page 7 : Eagle ramp-up : sec-Ter Crushing from 90% to 95% and updated productions nbrs.
page 13: updated target price for Cormark (from 17.5 to 20) and PI Financ. (from 14 to 16.25)
On a sidenote, question for the pro here.. 2020 exploration program must be underway now.. How long should be wait before initial information ? By summer time ?