GREY:VITFF - Post by User
Comment by
slamdunkon Apr 10, 2022 7:07pm
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Post# 34592335
RE:RE:Coeur adds heavy Firepower
RE:RE:Coeur adds heavy FirepowerThere has been not a whiff of making an offer from any interview .He gets asked about Victoria but he says he can't go into detail .the most he has said was they expected a soft landing and that was not the response.
Coeur traded Orion 12.7 million CDE shares at 9.17 us for 11,067,747 shares at 113.20 C..
If they made an offer wouldn't Victoria have to divulge it.It's easy to assume they duid with teir filinng with SEC Early Warning of Intent.As you probably know Rochestor has heavy cap-ex into 2023 and also is spending 70million on screens to resolve a fines problem and like everybody there are inflationary pressure.
After a phenomendrilling program that demanded an even larger mill expansion than the plannened expansion they came to a screeching halt on their accelerated buid programNow halted .till completion of Rochestor.They found a quasi partner adjacent to Preciosa wtth processing spare water and power,Mexican labor and underground experience Avin has been in production 56 years..Coeur has 19% of Avino Silver shares and warrants ,a1.25 NSR and 2%GSR on unexplored property ,.50 on any reserve oz added outside Gloria and Abundancia-Avino is producing and now has 130million silver equivalent ounces..They are voting on a shelf registration from 300million to 600million.
No matter what gets said Krebs has only diluted 160 million shares inin a decade...
Victoria's cash flow could be added to f Kensington 44m Warf FCF 50 million and Palmarejo FCF 70million that would put them over the hump...
And they recieved their Record of Deision for extending Kensington a decade. but i always thought Coeur was a more than fair in their offers.
.Hope this helps