RE: RE: RE: RE: RE: RE: RE: RE: RE: Phase I compleCosmicmegapump,
I confirm you are the king of the pump. You are living in your own world and dont want to see the reality.
If we hadn't this very expensive Sprott credit (at IR 17%) which cost RPG $8 million per year just in interest rate I would have call 20 cents the bottom price.
But the fact is we have this very expensive loan from Sprott which worry me.
After completion of SJT1&2 management expect FCF of $25 millions. Because we know in our world things never happen as expected especially in the geothermal business I will discount 20% to the expected FCF and take FCF $20MM. In the same time we have to pay $8MM for IRR of the sprott loan which leave us with a FCF of $12 millions per year. This is really not enough to finance any other project. They will have to make another very costly financing at 20 cents or lower. (dont forget that SJT1&2 is valued at around 20 cents so it is impossible to exercice the warrants).
So the reality is if they want to grow they have no other way than making a very costly financing at 20 cents or less.
I hope one day you will wake up and realize how dreaming you are cosmicmegapump.
Best
Julien