RE:RE:Yes, don't be fooledStock you seem quite sure of an NR this week what are you basing that on?
Also, you have made several references to the positive cash flow at the end of Q4. I think we can only assume that. The last NR can be interpreted many ways but nothing for sure. The only assumption we can make here is that they wouldn't be paying off the debenture if they were not in a positive cash flow position.
"The Company currently has approximately $53 million in cash and short-term investments, and using cash-on-hand, intends to pay off a $35 million Canadian dollar denominated debenture at maturity on April 19 , 2015. In order to take advantage of a strong US dollar, the Company has purchased $30 million Canadian dollars for approximately US $24.6 million at an average exchange rate of US $0.8191 for each Canadian dollar. The Company plans to purchase the final $5 million Canadian dollar tranche prior to the debenture maturity date.
Additionally, the Company is currently engaged in advanced discussions with several parties to establish a new debt facility. It is expected that this new facility will be finalised and in place in the second quarter of 2015."