RE:RE:RE:RE:RE:accumultionThere is decent value imo, Especially if revolver is handled and a three party deal on taxes and stream reached soon after in 2018.
P got the extensions and one could argue they are busy in heated negotiations working for or against shareholders to sell SD or the extensions are just part of an understanding with W that as long as P was making headway on costs and debt that Wheaton would not allow loan to be called. I see no urgent need for W to do anything drastic yet. Unless mexico is demanding a change of management I dont see W wanting to stir hornets nest anytime soon by pushing sale or CCAA. For all we know they may want P to stay put. Hard to say.
So once again P has 22 million in cash, 21 million vat owed, 5 mil due from mux and arguably 3 mil plus in free cash flow this qtr. This is stacked against 35 mil in debt and need to pay bills and probably maintain 10 million in liquidity. P received 14 mil vat last qtr. Its not a big reach that the debt is in the ballpark of something manageable. I feel W would back a new loan with new lender if needed for 15 million. The current revolver seems open to negotiation as they stated the mux money can be borrowed again when paid. We will see.