dilutionthe dreaded word,krebs priority was to turn coeur into a higher grade producer and the three year plan has exceeded expectations-exploration has found high grade near infrastructure at three mines
coeurs going underground at guadalupe and drivings declines to indepencia to reach grade and royalty free ore,,the tunnel to jualin and expansion at rochestor now started
all this cost money while coeur was losing but krebs never waivered as he acquired wharf and paramount
krebs,paid down 54mill in notes discounted for shares,paid down another 10.8 mill from proceeds from sale of nsr's,then another 100mill pd down and now coeur taking another huge chunk of 200mill
-krebs stated we would de leverage later and he continues to repair balance sheet-saving millions in interest making the company more profitable and more likely to survive low metals-dilution in the end bought wharf and its million oz's of profitable gold,bought paramount with millions in gold and hundred mill in silver and royalty free-dilution financed the tunnel to jualin and its high grade,dilution bought 2/3 of preciosa and all its ozs
half of joaquin jbought with dilution-
dilution just another tool to get funds-lets see how much debt has been pd down this quarter and see what coeur s revenue and free cash flow is-at least we got something in the ground royalty free and higher grade at three mines-