GREY:HRIVF - Post by User
Post by
uncovereron Jun 01, 2009 9:36pm
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Post# 16035002
Reality check ?
Reality check ?
Regardless of all this muscle talk on perceived HRD value including shares held / expressed insisted price,
the fact is the loans are still outstanding and in our face. Is / will HRG be in violation of debt covenants.
1. Did the end of May deadline get met on the one commitment. If so, by whom and where's the PR. Did Severstal pick it up and at what price??? or did HRG get another extension or find some way to cover it on their own ?
2. The bigger drop dead June deadline is also fast approaching.If no-one steps in except Severstal is it game over ? Their price is your price ?.If so, Bissa results prior please.
Again, the Detour Shares are locked in to the Royal Gold obligation no ifs / ands / buts.