TSX:LSG.DB - Post by User
Post by
imerc23on Feb 01, 2013 7:55am
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Post# 20922689
Digger was right about the Sprott credit line
Digger was right about the Sprott credit line Congratulations, Digger -- you were right on 15-Jan-2013 that LSG would be drawing down the remaining $35MM of the Sprott credit line in 2013. Ouch! I had hoped that their cash balance of $61MM on Jan 1, plus their cash generated from operations, would be enough to get them through the year 2013 without further borrowing, but Tony said on the webinar yesterday (at 4:40) that they will borrow $35MM more from Sprott this year. Good call, digger. I wish you'd been wrong on this item.