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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by RiskyBiz39on Jun 22, 2013 8:13pm
66 Views
Post# 21564785

Its great seeing the numbers from BigA

Its great seeing the numbers from BigA

Finally someone posts the facts and he is right.  Big debt payment in Jan 2014 as well.  4 quarters out , TID Interest will be above 10%.  So throw that in on the numbers and see if you can cover and reduce any debt with out asset sale.  Will be hard to get rigs moved out of Brazil..To bad this blow up there will most likly postpone a settelment on HRT rigs. They really need to get dumped and that money from settelment and sale go to debt.  Then at 85% UT you have a chance. Lean and mean.. No upside at this point. Dead money

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