RE:RE:RE:RE:RE:Joe wants more than 120 million! For what?Cz, the price noted for SD in their Q2/Q3 is based on “significant stream reduction” as Joe outlined himself. So it is really a key point if a stream reduction was negotiated or no. If it was, I believe they are obligated to disclose it as it is a significant material change. But with these guys is hard to know.
The best outcome would be to reduce the stream and refinance a small portion of the revolver. In a long-term that would bring the best value for existing shareholders.
I think the question goes back to the path P wants to take as noted by Randy.