GREY:FTPLF - Post by User
Comment by
OptsyEagleon Dec 09, 2011 5:40pm
271 Views
Post# 19308947
RE: RE: must be buying something-
RE: RE: must be buying something-The $35M imo will be the cash on top of free cash flow from Thurso required to complete the next conversion. So if they buy an asset for $1 and then need to put $120M to convert it, then it would mean they'd fund $85M through internal cash flow and $35M using the debentures.
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I agree. That is exactly what they will plan to do.