Arcan Resources Ltd ARNBF

Their focus now is on debt reduction?

[hardeehar]

Just who are they trying to fool?  Reducing debt has been a priority ever since they took on a huge pile of it 2 years ago.  I'll bet there we will see little to no improvement in their debt position by year end.  They are just making another excuse to cover up yet another miss on their $52 million cash flow forecast for this year.

Adding long-term value to shareholders?? It's more like adding long-term grief.
Arcan down 12% so far today...just 43 more cents to get to zero!
Way to go Arcan!  Adding value my A$$!

[stymied]

Hardeeehar I can't say I agree with you often but debt reduction seems to be their standard code for we have lost our bearings, have no clue as to how to develop cash flow but have some lovely dreams none of which have proven results ( improved cash flow or the so called debt reduction. The few asset sales they have made generated nothing to debt repayment and infact reduced cash flow