GREY:HRIVF - Post by User
Post by
Power1on Mar 02, 2009 8:24am
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Post# 15813220
A dream
A dream
After reviewing severtals balance sheet again before bed and counting 50 plus sheep (only counting boys nothing else) I thought long and hard about effective use of Severstals funds. I mean sizeable bank roll! Billions!
Convertable debentures came to mind as the least dilutive way to fund HRG. Even 10 or 12% notes is/will be cheaper than RGI debt as gold moves higher. I would set the conversion price at $1.00 and raise about $50 million. This would give some time to allow silver to appreciate and effectively market prognoz. The sale proceeds would pay off the debentures plus add to the balance sheet.
I would take the $50 million, payoff RGI and use the balance for operating. This wil free up the PLG shares as a future cushion. I wouldn;t sell them yet because we all know where DGC is going.
Anyone care to nominate me as Cheif Strategist for HRG? I'll even collect the A/R from prognoz. LOL
It's a dream!