GREY:HRIVF - Post by User
Post by
production05on Dec 02, 2009 4:17pm
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Post# 16547086
Now, Cash/Inv.= $182M, Debt = $94M?
Now, Cash/Inv.= $182M, Debt = $94M?
Debt = $121M less $27M Severstal pymt = $94M remaining (approx.)
Cash (send of Q3): $39M
Expected Cash Flow Q4: $44M (likely greater)
Remaining Cash from Troika investment: $30M
Strategic Holdings: $69M
Total Cash, Q4 CF, Balance of Troika Cash and Strategic Holdings = $182M
Only $23M is required for Buryatzoloto exploration (per MD&A).
Clearly, IMO, the 150,000,000 dilution was not required (TSX, OSC, unreal). You get them Ownerwiser.
What's stopping them from eliminating all or the majority of the remaining $94M in debt right this very second, and trading debt free? Unreal.
I'm sure we all have our ideas.