RE:RE:RE:RE:EarningsRead their MD&A and listened to the CC.
A question regarding the share count was asked.
Still a lttle confusing but (if I'm interpreting correctly) the count will be the 112 M .. when the dust settles. (not positive whether the 10M PIPE shares should be added as well)
I assume they'll use 3rd Q cash generated plus some of the cash generated in 4th Q to pay off their secured loans (about $457 M).
Assuming they generate similar cash as in 4rd Q they should be in good shape at the end of the year:
- basically no debt
- about $260 M in cash
- an untouched line of credit for $250 M US
- & up to $420 M in loans available from the Government for construction of 2 EAFs.