RE: RE: RE: RE: RE: Finally Interesting. Previously CS had said they need about 65 million to build Saskatoon out. I wonder if all that needs to be ploughed in ahead on the restart of production, or whether it can be done in tranches.
When are the Q2's out. Haven't seen a balance sheet but I recall the assets being valued at 75 million per CS's discounted cash flow analysis. Assumably 65 million of debt is not prohibitive.
Any one have a sense for the cash balances today?
I have speculated before that KPMG must have had a reason for not canning them as a going concern. If that is so, then assumably there has been evidence of these dialogues for some time - where I am going is that they should be poised to build things out rapidly since plans are assumably already in place.
I still lean to the possibility of a buy out more than a JV. Too much baggage. If a buy out is on the radar at all, this must be the ideal time for some one to make a play.