RE:RE:RE:RE:RE:Done Dealphoenix_trader wrote: Cash to repay the debs is the news today.
CUS generated cash operating profit of $27mill in Q2, the banks see that continuing so the debs will be paid off in December.
Phoenix, either you don't understand a balance sheet, or you are a paid Canexus pumper! Canexus actually had a negative $15.9 million of distributable cash for the three months ending June 30th.
The ability of Canexus to pay off the Series 3 debentures in December is not because they are making the money pay them off with, but because they have arranged a non-revolving credit facility of $60 million. Keep in mind that this new $60 million credit facility matures on December 31, 2016!
Folks, also keep in mind that the Book Value of a Canexus share is presently 11 cents!
Phoenix at least take the time to read the financials and/or NR's before posting such half-truths...
Kherson