RE:Scotia dumping hard for last 2 days.Earnings will be brutal this quarter. Probably a draw of around 20 million on their line of credit or similar decrease to their available cash, just accounting for the fact that they are producing for a loss right now.
They also have to make their mark to mark settlement adjustment from previous sales, which will make earnings that much worse. They could see earnings of -40 million this quarter (earnings though, not change in cash/cash equivalents).
Depending on their corporate structure, even liquidating all assets may not return any money to shareholders based on their level of debt and mine reclamation obligations at Caribou.