GREY:GRFJF - Post by User
Comment by
bbarberayron Feb 15, 2009 4:45pm
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Post# 15780640
RE: Stock Issuance?
RE: Stock Issuance?I doubt they are going to be raising money.
At the end of Q3, they had $45 million in cash and $16 million in positive cash flow for the quarter, plus the price of gold went up in Q4, so cash flow (even after taking into account the hedged portion) will be up.
Might make a good acquisition target, but given they don't have a strong growth profile, they wouldn't be of interest to a major. They would be cheap for a financial buyer however.