RE:RE:RE:RE:RE:Watch georgeThe bonds are in US dollars. Payments on the bonds would be in US dollars as well.
As to Aley, I'm not suggesting we give it away right this minute. I just wouldn't put another dollar in it. And I'd start looking for an exit strategy. As to Florence, we've got the loan to pay off. Fairly certain that's $34 million US. Then we've got on-going legal fees, which are considerable. No one would want Florence now, and not likely later. The problem is we're stuck with a troublesome asset. If we had to jettison Florence to get out from under the bond payment, I'd do it.
Nothing fishy in Chicago. Russ and Co. only started buying when RR told the world the emporer has no clothes. They are fighting for their jobs. No more, no less. If Russ thought the stock was such a great deal, why has he been selling for years every time his options vest? Check the records, I believe he sold a pile last year. He could give a flip about owning stock. If it weren't for RR, he wouldn't have thought of buying stock in a million years.
And what's the rush you ask? Are you happy with the recent Yellowhead purchase? Do you want management to take your precious cash and buy more? If I wanted a share of Yellowhead I'd go buy it myself for 4 pennies. How about buying another Curis? Feel like we need some more of that? How about we go prospecting for a rare earth deposit and spend another $35 million trying to develop it? I hope you see my point.
One doesn't have to be too creative to see many scenarios where we burn through our cash very quickly. Then what? Major dilution to raise cash is our best case scenario. Bankruptcy with the shareholder equity being wiped out the worst case scenario.