Comment by
elmothefearless on Jan 22, 2012 7:39pm
The loan is secured by the coal facility RDA purchased. With respect to the mine, I agree, it's not looking good. That being said, likely it has some value and SND, as a result of the clause in the agreement stipulating a guaranteed payback within 5 years, would be entitled to some recovery of capital. In fact they may be first in line before vendors, which would be nice.
Comment by
denisonod on Feb 03, 2012 7:34pm
The 4.50 price could come from hedges in place for awhile. It is hard to believe that SND depends entirely on the spot price.
Comment by
Luxor63 on Feb 04, 2012 6:10pm
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