Diamond Selling Prices UP. Production in October was decent volumes with decent grades.
Eliminate all of the reserve accounts as much as possible and pay the debt principle down.
Interest expense is high. If you can, do a senior note offering and pay the bankers back.
I do not see any reason you can't float a bon offering senior secured debt at a decent price interst rate and 5-8 year term.
The debt covenants are pretty ridiculous on these reserve accounts. Its like the bankers are saying NO NO NO don't pay us back, keep these cash reserves at the company and pay us the high libor plus rate!!