RE: RE: RE: RE: What is happening is not CRK's fau No doubt about it in my mind, CRK has definitely turned things around in terms of bringing Cosmo online and acquiring the Saviour mines to provide much needed cash flow and reduced cash costs to keep the lights on........unfortunately the length of time to do this has taken a real toll on this company and it's SP. The swap hedge really isn't that bad compared to where gold is today and protects against further downside but the deal in it self was horrific. We pay back the money and so far an equal amount to debt in interest with the swap. The new debentures aren't helping either, but I guess you do what you have to to stay running.
The question is, can they start MAKING a PROFIT??? Or has everything they have done to stay open going to reallocate earnings to those who financed the debt for years to come?? In turn keeping the SP where it is or unfortunately lower? Thoughts? My thoughts are production will increase and costs will decrease but can we make any moneyyyyyyyyyyyyyyyy????? December?
ThyFish