TSX:LSG.DB - Post by User
Post by
dogwagon Feb 01, 2013 5:12pm
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Post# 20927071
WEBINAR!!!
WEBINAR!!! As per the first webinar Tony states they have about 100 million in cash including the 35 credit line which they are drawing now and will spend about 100 million this year on dept financing,infrastructure and mill expansion and will make the same in profit and should finish 2013 with the same amount of cash on hand as now 100 million but they will be in a much better position as the mill expansion to 3000 tonnes will be completed,much more infrastructure will be done and they will have paid off 1.2 million off their dept per month to Sprott or 14.4 million in 2013.No more dilution will occur from this point on as with 100 million in cash at year end and 2014 will be 50% less spending or about 50 million,they should be well positioned going forward.Thoughts??