GREY:LRTNF - Post by User
Comment by
lumpy13on May 10, 2020 5:59pm
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Post# 31009848
RE:RE:RE:Someone explain
RE:RE:RE:Someone explainActually, based on their projected capex and available liquidity, they have C$30-40m of cushion. The CEO has stated they're overfunded through project construction and won't need another PP.
In return for their $25m of stream funding, they have to provide 5% of their old production up to 50k oz (and 2 1/2% thereafter). They have a buyback right for the stream for $35m in 2021 (and $38m in 2022). If the POG remains high, exercising their right could enhance shareholder return.