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Cube Psytech Holdings Inc. T.P


Primary Symbol: P.CUUB

Cube Psytech intends to trade on the Canadian Security Exchange. There is no date set for the closing of their Initial Public Offering at this time.


P.CUUB - Post by User

Comment by Czicfwillgetermiton Dec 23, 2017 12:49am
139 Views
Post# 27220878

RE:RE:RE:RE:jan 11

RE:RE:RE:RE:jan 11Curv
At the moment W is backing their revolver and I really do not expect that to change when or if they get a new revolver.  I repeat that it is far and away in Wheatons best interest to keep the lights on at P and out of CCAA imo.  As of now they could easily owe much  less than 15 million on revolver and still have 15 million in the bank.  We will see

Im not real concerned about P stating they may need to find alternatives to protect value while they restructure their affairs if W does not back extension.  Sounds like normal corporate doom and gloom talk possibilities.  

As far a convert debt I believe the  next payment of a million or so is due at end of february.  Paying down revolver so much should make things much easier on them going forward.  

We can debate all day long about how much P needs to carry on,  based on past performance they really are pathetic.  However,  I dont see a problem now if they are pushing through as much ore as they stated in September.  Maybe it will give them a few bucks to prove out some of those great drill results they appear to have lost interest in when tax issue hit.  P has no incentive to do much more than staying alive until they can cut some deals imo.  I suspect they will be able to increase reserves if they can make a deal with W and mexico just as fast as they were able to cut reserves with their new math vision earlier in year.   







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