RE:RE:RE:RE:RE:RE:RE:RE:RE:Debenture Holders Hair Cut or Windfall?Ok. Lets get educated . I never said gold bars were sitting there. I said the inventory gets run and pays what recurring bllls are due. I said your accounts payable/ bills owed commentary is basically a non event unless suppliers require a certain amount of liquidy to front supplies. This debt only comes into play on a san dimas sale as ore inventory would be written down imo. Otherwise its like any other miner.
Lets see the way I see it operating cash flow can be manipulated fairly easily to provide free cash flow to pay down debt. If they are not reinvesting into cap ex they are short term winners at 2400tpd this qtr. Replenishing reserves is doable down the rode and that is another game that can be played while negotiating with stream owner.
I have said many times P needs to maintain prob 10 million in liquidty. I said they have 35 million left on revolver with 22 million in cash . That would leave 13 mil owed. They are owed 20 mil vat and with some luck get 14 mil like last qtr. if not my guess is they can borrrow against Vat.
mux owes them 5 million and yes I suspect they make 3-5 mil from operations. I do not see problem here getting a extension on revolver here if required. No need to sell sd.
Im not sure what double digit interest matters if only on maybe 15 mil. They are saving millions by paying credit line
White knight non starter.