RE:RE:B2Gold’s Cashflow Concerns…But you have not addressed the bigger issue... why do they need to raise more cash?
The new cash is being used for working capital needs and to paydown the more expensive credit line... but this need for new cash means the operations are not generating the necessary cash flows... that is the concern!!!!
woolco wrote: They are just raising cash more cheaply than the interest on the debt they owe....so its a positive profit transaction for company