Minefinders Corporation Ltd T.MFL

Conference Call

[Roundtrip]

Anyone listen to yesterday's conference call?  It's still available in playback form.  The call lasted over an hour and had an interesting discussion.

[hopeful2000]

Can you post some of the highlights?Thanks.

[Roundtrip]

I posted this over on SI but I missed the most important part.  As they are back to work they expect to reach commercial production by the 4th quarter.There was a thorough discussion of these NGOs in Mexico. Over the last few years a business has developed which sets up blockades and threaten workers before a mine goes into production. It was mentioned that Goldcorp's Los Filos mine pays

[alburk]

Roundtripregarding an increase in credit line...i did not hear that they have any guarantee on an increase in credit line.  my recollection is that they have discussed it.  maybe we should clarify this with the company directly.my guess is that the bank would not expand the line until the need arises...at which time they would evaluate the circumstances creating the need for an increase

[Roundtrip]

alburk,I agree with you that the CFO said that they had discussed with their bankers the possibility of increasing their line of credit if they ran out of money.  In a follow up question I believe the CFO said that the bankers would okay an increase if it was required.  They also said that they had enough cash to last to the end of the year and on the current timetable they expected to

[logicalthought]

Minefinders is not at any risk of running out of money. They have plenty and they went over the numbers on the conference call.They discussed raising more money with Scotia but the reason for this is that they are going to make an acquisition and start building a mill shortly after Dolores is operational. They are going to raise money for the acquisition by increasing their credit line with Scotia

[Roundtrip]

Thanks for the excellent summary!  I guess I wasn't paying attention when they talked about the acquisitions.:o)

[logicalthought]

I don't remember them talking about acquisitions in this past conference call, but they definitely talked about their financial situation and their relationship with Scotia. The talk about an acquisition and the desire to buy a mill was discussed in prior public interviews with Mark Bailey, and I confirmed their intention in a recent call to IR.