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Arcan Resources Ltd ARNBF



OTCPK:ARNBF - Post by User

Post by iaminvestoron Nov 02, 2012 12:36pm
340 Views
Post# 20555541

What about the C$600M from AUG financing?

What about the C$600M from AUG financing?

CPG  has not  shown  us  yet  HOW  it  will  use  that  cash.

 

CPG  will  fund  UTE  acquisition  from   YESTERDAY'S    financing  of  $800M  as the company says.

 

So the  $600M   are  waiting  for  a  recipient.......Just  to  set  things  straight.....

 

The  company had said  that  it  was  for  general  corporate expenses and bank indebtness (!!!)

Read  the  AUG   press  release  CAREFULLY folks.

CPG  has  not  any  issue  with  BANK  INDEBTNESS  as  debt/FFO  =1   as  it  confirms  once  again  with  the  acquisition  of  UTE.....

 

So  sth else  is  going   to  happen  with  those  $600M.....Do  not  BITE   THE  BAIT.

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