Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Camrova Resources Inc V.CAV.H

Alternate Symbol(s):  BAJFF

Metals & Mining Industrial Metals & Minerals
Camrova Resources Inc. is a Canada-based mining company. The Company operates in one business segment, being the acquisition, exploration and development of resource properties. It has a minority investment in the El Boleo copper-cobalt-zinc-manganese deposit located near Santa Rosalia, Baja California Sur, Mexico. In addition, the Company intends to investigate and potentially pursue alternative project opportunities.


TSXV:CAV.H - Post by User

Camrova Resources Inc
Bullboard Posts
User Avatar Image
(0)
•••
Post by loosechaingeon Jan 31, 2014 1:42pm
352 Views
Post# 22159252

Thanks jethro

Thanks jethroI appreciate your choice to share with the forum. I believe everyone is correct in there asessment regarding the debt. Baja holds no debt. Boleo MMB holds the debt. Baja holds an equity stake in boleo MMB only. That equity within boleo also holds the debt so the debt is not officially on Baja's balance sheet. So yes Baja is debt free. Boleo is not however and the asset clearly is worth more at this stage then all the debt against it. A new standstill should clear up the debt to percentage issue. Since the debt is project financing it would be 70% of the project secures 70% of the loan. if it were the other way and 70% of the debt was against Baja's 10% equity the bank would be offside large.
Thanks again Jethro and this is all my opinion
LC


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities