Spyglass Resources Corp SGLRF

Happy Bankers?

[qwqw]

Not much in the year-end report to keep the banks off their backs.
-Only one fifth of the reserves produced during 2013 being
replace by drilling? and that's with a capex equal to the entire years CF.
-10% drop in production levels  since merger.
-Half as much CF over the year than predicted.
-Yearly Debt  remained the same ($300 mil) after selling $23 mil worth of properties.
-Debt to CF ratio of  5.
How much longer before the banks demand the div to cease?