GREY:CNKEF - Post by User
Post by
spacegimpon Jan 13, 2017 6:43pm
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Post# 25707041
just one QUESTION
just one QUESTION Why cant this company get a decent sized credit line - say $50 mil. at least ? that causes me to worry there might be some issue that is not apparent when you read the presentation , it all sounds good --nice projected growth , good area to drill etc. Love that they have no debt , but see they are running low on cash with basically no credit facility , is it just the managements choice to have very limited credit availability or is this constraint being imposed by banks they have approached ? They will be producing over 5000 boe at low cost so when you compare to peers they should be able to qualify for at least $50 mill. facility so they have some cushion and ability to ramp up drilling .