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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by tschauseppon May 05, 2021 3:32pm
202 Views
Post# 33133951

RE:RE:RE:RE:Debt is almost GONE !!

RE:RE:RE:RE:Debt is almost GONE !!In my previous post I just wanted to show when PVG would have enough cash to pay off the longterm debt and the convertible notes. I agree with you $100 cash on hand is a good idea. By January 2022 PVG should achieve a $100 cash balance plus enough cash to cover debt payments. 
I was actually confused by Mr. Quinlan's comment about the intention to refinance (for what, there will be enough cash) the debt. 
So what can be done with all the cash? Share buy backs, dividends, a second processing plant or a takeover of another mine to derisk the single mine operation.
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