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Claude Res Inc CLGRF

Metals & Mining Gold
"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."


GREY:CLGRF - Post by User

Claude Res Inc > missed news - Pictures
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Comment by clestoron Nov 29, 2012 10:38am
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Post# 20659847

RE: RE: RE: missed news - Pictures

RE: RE: RE: missed news - Pictures

"3 million net profit last quarter"

Earnings are simply accounting.  You should be paying attention to the cash flow statement. 

3Q debt service was almost $3 mm cash.  I don't know how much additional debt service they can handle.  The problem is the 1Q13 resupply will consume a lot of cash.  CRJ spent about $31.6 mm in 1Q12 and about $9 mm in 1Q11.

My assumption is that a convertible bond is their best bet . . . I also assume the "non-deal" roadshows in Europe and Toronto are anything but "non-deal"

If I am missing something, please let me know.

 

 

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