Silver Standard Resources Inc SSRI

What made this deal happen was..

[ch08532]

...the tax export agreement with Agentina.  SSO gets $1B ARS Pesos plus interest over 60 months.  This translates to ~65M USD + ~1.5% interest.  This will help pay for initial start up cost for Chinchillas (~81M).  Good on both parties to get this done and keeps mine workers employed for the next decade.

[VikkyUSA]

I thought SSO must ARS 1B, am I reading it wrong? I looked at the PR again and that I don't see SSO being paid. But SSO must pay to the gov. Please correct me if I am wrong.

[prouditalian]

In the real world when someone owes money to the governmnet they must pay...this is the real world. This is definitely the riskiest think in their portfolio...happy its been done and I believe that there ios a good chance they will flip this asset eventually as its obvious management prefers North America as it is way safer. I can almost guarantee that the next asset they will buy will once again

[gruntov1]

Wouldn't it be hard to flip something that you don't own 100% of? Unless you mean selling it to Golden Arrow.

[prouditalian]

of course...Golden Arrow wold have to agree to sell...Market likes the deal that SSO made...especially the deal with Argentine govmt. GRG will have to raise money thus price is capped IMO.