RE:RE:RE:RE:RE:RE:Joe wants more than 120 million! For what?Monkey
I agree the stream reduction was taken into account when it came to big sd impairment and new adjusted asset value of mine. Randy said he expected to reduce stream by as much as 60% if compensated I believe. So all those cards are on the table. What I think continues to be an obstacle for any deal is the tax issue. I dont see any reason why W would want tp participate in any new stream deal until Mexico settles with P. No reason for W give away too much to P. And no reason for W to have to come back to table if mexico tax issue keeps biting into profits for P or new owner. Its a smarter move imo to just wait and settle issue in 3 way or even 4 way talks if mexico wants a new operator on site. But maybe mexico wants P to stay on site. It may be too soon for those talks.
I agree P should have impaired value again in latest 3q filing if the value of san dimas changed by more than 10-15% in their view. That would have been the time to do it. But imo they have some wiggle room here by either selling asset close to implied value or not selling the asset now and operating mine imo. We will see.