RE:RE:Anyone else have trouble buying todayMaybe they were just busy, I just thought it was a late fill, I get anxious when somebody flushes the TSE toilet bowl.
I listened to the conference call and my take away is that BTO figures free cash flow of $700 million for 2020 at $1500 US gold price..and with every $95 increase in the price of gold leading to $100 million increase to FCF.
Debt is confusing, they have debt of $200 million on the revolver ...but they have about $140 million cash and I'm not sure how they are accounting for the late sale of $39 million of gold that was supposed to be sold in Dec and didn't get sold till early Jan. The other $60 million of debt is heavy equipment which may be something like a lease.
So my take away is that gold was already at $1650 US just a week ago and if the US Fed lowers interest rates to .5% on the ten yr tomorrow (Sunday) gold should start heading up again.
I have no idea what Clive is going to do with $500 million +++ of free cash flow after paying out the revolver.
I'm glad I don't have your problem of what to do with the money Clive. Maybe do some more charity.
iwpete