Notes from talk to Denver and Nolan re: SND Have a post on SSL board re: talk with Denver and Nolan . .. Following is some of the talk about SND ..
Denver mentioned that there will be a news release in 4-6 weeks regarding Novadx .. .
They are also working with Terrex and the other company that may take Terrex over ...
He also said Thunderbird is progressing well and SND has to give Thunderbird $7 million . . cash flow will start in second half of year .. .
They are holding on currently to the assets of Royal Coal and will bide their time to dispose them off - will wait for market to bounce back so that they can get a good price for them.
Denver said that this year - SND should be able to put behind it the deals that went bad .. . and look forward to cash flow and more deals for SND ..
Donner cash flow will start in May . .. .
Nolan mentioned about looking at some deals in potash and uranium space .. Did not get the chance to follow up with Nolan on that . . .
Nolan mentioned that they are actively looking for silver deals also . .. but have just not found the right one's yet.
All in all ... . I think we should end the year higher . .. I do not need to write anything about the cashflow as that is talked about by many people like Elmo etc (better than I can ever manage).
Good Luck to all . ..