GREY:NATUF - Post by User
Post by
cassandra2000on Oct 17, 2005 11:57pm
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Post# 9725380
Not quite I meant by here comes the MM
Not quite I meant by here comes the MMSo I had a little chit chat with the company. Operating and shipping at 70% or I guess about 300,000 ton units annually. With forward sold contract and recent APT $250 U.S., for conversation sake lets give them $180 with $80 all in costs.
This gives them $30,000,000 before taxes in 2006 and 100,000 ton units to sell into the spot market sometime into 2006.
I was also told that the bankruptcy stops the company from having any kind of loan and therefore need the small Operating capital financing. I guess there has not been a lot of warrant exercised as of yet.
The rumoured Sprott report is due anytime. I also assume wider coverage by investment community and MM that participate in this last private placement.
cass