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Re: TMLonggun post# 19454

Tuesday, 04/29/2014 9:48:58 PM

Tuesday, April 29, 2014 9:48:58 PM

Post# of 24248
I guess time will tell the tale on this one.

I don't share your belief that cash flow will be so anemic, it will cause an eventual capital raise in the coming quarter(s). This outfit does a great deal of planning and has delivered thus far in a
very difficult precious metals climate; not to mention their NIMBY issues.

I think that they're well aware of cash flow and have aligned their commitments with the ramp-up in production. The latest credit facility's repayments don't begin until third quarter, which is when I believe Corrado implied in the Call today, production rates would increase significantly.

If the POG drops much further though, all bets are off...


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