GREY:CLLZF - Post by User
Post by
watch4iton Oct 30, 2007 9:49am
343 Views
Post# 13715856
where''s the 50 million line credit ...Spent
where''s the 50 million line credit ...Spent$50 million line of credit spent already to have to share dilute. Have to pay the money back. Especially on the verge of such huge cashflow from Bitumen sales. Or is it the fact that they know sales of bitumen are not going to be there...production numbers low. The time line for cashflow is about 5 months from now and they need money long before then. Another share dilution coming within 3-5 months for sure now.
There will be some 300 million shares outstanding within six months to a year. E/S will be way down as a result. But heck, the asset base will be good three to four years from now. Hang on for the long ride...