GREY:ARWJF - Post by User
Post by
takingthemonon Sep 25, 2013 12:01pm
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Post# 21766393
Company Debt
Company DebtI am worried about the upcoming expenses as well.
I was told by the company that they have been paying down debt and by the end of October they expect to be close to only having $2.5 million in debt and they are paying it down aggressively.
Cash flow on a monthly basis is around $850,000- $1-million.
The new obligations for drilling and data are supposed to be funded with the ongoing cash flows.
This is the big question. Will they come to the market to dilute us.
I see a stable to positive move up from here. The new agreement does add blue sky for the company that has not been priced into the stock.
Regards