GREY:SOHFD - Post by User
Comment by
shakeypremison Jun 29, 2018 8:00am
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Post# 28249752
RE:RE:Wake up! Second qauter earnings comes out in next few weeks.
RE:RE:Wake up! Second qauter earnings comes out in next few weeks.Up until next year when the loan they just got is repaid it doesn't seem like Telson will have all that much money, especially not enough to go drilling. The loan terms seem to require that a lot of Telson's free cash flow Combine that will penalities they are incurring due to low concentrate grades. They probably need to work on getting those recoveries up, get the loan paid off and then get some cash in the bank from stronger profits from better recoveries before they go drilling.
"On the 13th day of each month starting as of July 13, 2018 Telson will repay to the Lender: a minimum of US$1,000,000; plus interest at the specified rate on the outstanding Principal Sum at that month; plus 70% of the monthly free cash flow generated by Telson; plus any monthly excess cash balance above US$500,000."