GREY:STTYF - Post by User
Comment by
elmothefearlesson Feb 14, 2013 7:56pm
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Post# 20992114
RE: RE: Virtually No Shorts
RE: RE: Virtually No Shorts The unfortunate reality is we have very little money to do deals with. $15 million doesn't go far with escalating CAPEX.
Once DON gets into production, we'll have access to a little cash flow from operations, and hopefully a $20-$30 million line of credit. Combine a $20-$30 million line of credit with $20 million cash on hand, we'll have enough to do another meaningful deal. Hopefully that leads to a re-rating in the stock to something closer to the other royalty co's (the cheapest royalty co I can find is ATY at about 16-17x cash flows), maybe we can get to 12x cash flows (~$0.80 / share), which lets us complete a financing, which leads to another deal, which leads to a positive reaction and the share price appreciating, which leads to another financing, more deals, etc., into perpetuity.