Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by RiskyBiz39on Jun 01, 2013 9:40am
122 Views
Post# 21470867

Your right Big. Debt is the killer

Your right Big. Debt is the killer

I am not on much because most all folks pump TID to the moon. I know all about Walter and his past sucess and folks continue to post and praise him. Know hes smart. Ther are some very big issues with the debt. I do hope they will get something resolved in a bond deal or re-structure. As i mentioned few weeks a go and got pounded. Im not sure even at 90% Utlization then can support the debt and make any money to the bottom line. The other isssue is will Walter choose to sell the 2 big HRT jungle rigs. They will not bring market value. Moer like 60 on the dollar.  So even with the sale of those at 60% of book and those funds go to debt, can they make money?  I think so.  Getting those 2 big rigs sold is a big deal.  Rather have 90% UT with out those rigs and less debt. Lean and mean..  Hope someone is listning.. I still see a re-test of .9. Which would be a good thing along with positive news on debt and rigs sold.. Or buy out, which wont happen like this..

<< Previous
Bullboard Posts
Next >>