GREY:RDTMF - Post by User
Post by
traxbywebon Mar 05, 2014 8:57am
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Post# 22281934
Quiet Board - possible next steps?
Quiet Board - possible next steps?
Chart is slowly getting back to where it was before the forced dump by a major shareholder. With paying back taxes looking as a priority and getting debt settled I believe this company is on the right direction. First debt to eliminate is the gerald metals debt, thatis expensive debt. If they have the extra 3 million finally released with a lower interest rate, use that to pay off Gerald metals plus surplus cash from last month production. Next couple of months pay off major shareholder debt. Next priority is to get a second income stream with gold production. Would like to see costs to build and production cost estmates. Company had a target to mine gold this year I hope they are still on target for this goal. Gold production should come with copper credits which should provide a very good return on gold mining, this is my thinking. Even they just mine 20k annuaklly there cash costs should be low and possibly make 10 plus million annually. (10 cents a share) Unless they can re-finance the debt for much lower rates I would prefer they build the gold mine from excess cash flow rather then more debt or share dilution. I don't believe this company will take on more debt or dilute further.