GREY:STTYF - Post by User
Comment by
carinthianon Jul 09, 2013 3:45pm
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Post# 21597164
RE:talk with Denver
RE:talk with Denver [quote=WTFisgoingon]called Denver Harris. He said Donner underestimated the amount for cash calls from Xstrata. So, SND is giving them time to get going. He did predict SND getting money from the stream some time in 1st quarter 2014.
I asked him re: TBD. He said that TBD underestimated the size of pumps needed to pump out water. Only one well is really producing, but he did say they were "very close to production". As we know, SND did not give them the 7 million in May 2013. This would decrease the stream from 35% to 25%, which SND rationalizes would decrease the burden on TBD. TBD is trying to raise funds.
we'll see. [/quote]
Thanks for the info.
One question: Why is the stream from TBD reduced? Wasn't it TBD that did not meet obligations? So I think currently the are trying to meet the obligations to get their 7mio?
br
carinthian