RE:$50 mil bond buy back!!Cool note i just read the for anyone else holding the unsecured notes they get priorty in redemption and 50 million is more than enough to buy all outstanding at .54 on the dollar.
"Junior Notes validly tendered and not withdrawn prior to 5:00 p.m. (Toronto time) on the Initial Expiration Date will have priority in acceptance over Secured Notes"
Will be nice for sherritt to get rid of the 10.75% pik on the cheap and saved my mood tonight