RE:RE:RE:RE:RE:Transcript RobertC40 wrote:
why do you guys keep saying they spent $11 million on puts!! crazy
My guess is that the puts were a condition of the bo d issue so that the cash to build Florence would be more or less guaranteed. Lenders routinely make sure you are going to have the cash to finish a project wrote they mill make a loan on it.
just my guess. That price seems a bit steep otherwise. With more than 100 million pounds expected production foe the remainder those puts cost about .11 a pound.