RE:RE:RE:RE:RE:Debenture Holders Hair Cut or Windfall?Well, we will just have to see and things can go real bad..As far as outstanding payables that seems to part of doing business and is a recurring monthly cost. Kind of simiilar to inventory that has not been sold that is a dead asset until sold and used to settle payables. Non event imo
They had 13 million in free cash flow last qtr at 1250 tpd at san dimas. Bf did conttribute to that cash flow ..They say they will run 2400tpd this qtr and have stockpile to do it. For next few years they can run at 1850 with no exploration. I see no problem here yet. Aisc down especially with revolver paid and cut in labor. They should have a few bucks to drill for reserves. They have 20 veins now they put on hold. I suspect they have an idea where to drill and miraculously add to reserves sort of like their new math crushed reserves..
Debt payment due in feb offset by revolver thats been paid down.
There is a way that benefits P and W imo, no idea if management sees it my way.