Value Microcaps Junior Miners

[Bobwins]

I was a little disappointed in the new rate. Hecla is going to pay 7.25 vs 6.75 on the old ones. Who is paying more interest nowadays, especially after the repair work they've done on their balance sheet?

Market seems disappointed in the refinance announcement, maybe the rate increase was leaked. Refinance is a good thing because there will be no debt deadline coming up in 2021 and postponing maturies until 2028 is also good. Guess market wants to see profits.

Shutting down Nevada operations is definitely a negative. Company says they are going to study how to improve operations and turn it into a profitable mining operation but market was obviously hoping it would be a quicker turnaround. In hindsight, acquisition of Nevada was a big recent mistake. At least mgmt has stopped the bleeding but Nevada will be an anchor until they get it fixed or give up.

They need Lucky Friday to come back online quickly and profitably. Fancy mining machine keeps getting delayed so there must be design or operational problems with it. Even after it arrives late this year, it's probably going to take some time to get it running correctly.