TSXV:NS.RT - Post by User
Post by
stockfyon Nov 06, 2017 10:11am
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Post# 26911047
Debt, dilution or both
Debt, dilution or bothSince ATU has only $1 million cash and wants to spend about $11 million in the second half of 2017, I believe it will either borrow money or dilute or both. Its quarterly cash flow is not enough to cover the CapEx in the second half of 2017.
ATU will most likely do both, this is why it requested an updated reserves report in June 2017. It wanted to have it ready because its credit facility is reserves-based.