GREY:FTPLF - Post by User
Post by
rythmanon May 14, 2014 1:08pm
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Post# 22561118
bottom line
bottom line
Thurso dosen't work. They cannot produce DP in todays market at a profit. It's questionable wether any further cost saving inititives can bring thier production costs low enough to be profitable. There is still a surplus in DP worldwide.
Possible events:
Sell Lanquart
IQ forgive non-recourse loan
Just remember that the more money Fortress puts into Thurso on cap. ex projects the less there is at the end of the day. If they force the debenture holders into converting to equity there could be a tremendous share dilution putting further pressure on the share price. Not a good situation.
rythman