GREY:HTRRF - Post by User
Comment by
nofluffon Apr 12, 2019 8:12am
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Post# 29617185
RE:Go Ahead. Get Excited!
RE:Go Ahead. Get Excited!It should raise some eyebrows alan. Tko np project has been held up again. There florence project is now bought and paid for. So is alley and ymi. My guess is 20 million per year maintenance on those projects.
Tko sits with covenant balance in bank of 50 million plus last q. With copper sentiments strong, they are likely thinking about 200 million surpluss this year. That gives them easy peasy 150 million after capex.
So my guess is that they buy htr out as it can be fast tracted and be to profit within 2 years.
There is a reason for the buy. The volume was small enough and only 2 cent move, so likely never trigger an investigation.
nf