RE:Theoldmariner said I concur. Focus on the longer term. Add to your position whenever possible. And you should do well!
Many seem to love to continually bash Abcourt's management. But when Mr. Hinse makes a most logical and astute move, they laud him for his masterly financing effort and incredible brilliance!
Hinse has the ability to make the smartest of moves at the most appropriate times! That is the real history of this guy's accomplishments. He has stated that he intends to reward all his longer term shareholders for the support that they have given him. And he will!
His history of running a company with financial prudence in the past, without longer term debt, has made the present financing so much easier to obtain. It is very unusual for a miner to get such excellent terms for this kind of deal. Normally, in the past, larger operations have had to pay, much higher interest rates!
Kudos to the old man for his most recent success! But now, much more is about to be expected from him.
Will he accomplish what he hopes to achieve next?
Well, the bankers seem to believe that he will. If he does, they will be willing to lend him, a whole lot more! That's how credit always seems to work.
Perhaps shareholders now feel the same as the more conservative banking industry?
It's something to ponder.
All the best, Java