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Tuscany International Drilling Inc T.TID



TSX:TID - Post by User

Comment by CDNOilon Jan 27, 2014 4:00pm
168 Views
Post# 22139403

RE:Whose buying and selling on the board?

RE:Whose buying and selling on the board?I'm going to ride out it. I'm not going to sell but I'm not planning to buy either. I averaged down to 0.13$ or so.

I think we're less likely to lose everything than to either a)liquidate and get a return on our investment or b)see TID work things out.

Not sure how things will work out, but TID is not that far from being OK. Main thing we need is debt refinancing with better terms. That will allow us to survive and start paying off the debt slowly (at current utilization rates). Then, HRT, increased utilization and potential sale of rigs should help us accelerate the repayment of the debt.
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