Post by
Benedictus on Oct 02, 2019 1:37pm
reality
I see in this continued news vacuum that the pumpers are back at it. snn management must address their huge cash burn issue and thus far they've only offered pushed out deadline upon pushed out deadline for these purported asset sales, along with NRs about added costs for GH completion and yet the cheerleading continues unabated here.
When snn mgt can prove it can complete these asset sales and also figure out how to come up with the rest of the capital required to get this GH completed and producing in 2020, then things may get more bullish but cash-wise this company is barely keeping its head above water. From my purview, that is the reality.