RE:RE:Can we at least agree ...
masfortuna wrote: If somebody wanted (alpha) to pick this up for pennies on the dollar, then they would not have lent them any money and allowed for the company to go into ch11. It's pretty clear that the sp as it stands today is not going to impact the sale. So exactly what are they going to pay to get this deal done? If we remove the debt and covenants as an aside, at 10 million more to those items we get the sp at .055. At 25 million it's sitting at .15. What was the point of all this if they can't get 5 million for the company (sp of .025)? I think that on the 31st we will be well rewarded for the fustarting year. IMHO
Mas
I have long stated that the S/P isn't the negotiating baseline. The volatility of S/P couldn't ever be used. It has gone from .01 to .16 in the time they've been negotiating.
I have always hoped that the negotiating equation has been Debt + % of NPV
Debt is worth less now and NPV has increased since the begining of the year. The variables in the equation are trending in the right direction.
MBAC would have been worth more without evr buidling the plant and incurring the debt. They would have been sold for .50c+ just for the reserves. Itafos weakend our negotiating leverage.