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Post# of 83151
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roberto77479

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roberto77479

Re: View Finder post# 12458

Monday, 06/01/2009 8:27:05 PM

Monday, June 01, 2009 8:27:05 PM

Post# of 83151
Yes. Per John in our CC about 3 weeks ago, he said they are actually banking some retained earnings ($15-20k per month is what he said, I think). $40k per month is the average cost. I think Doug is a very conservative guy and wants a financial cushion for unexpected costs. I would prefer they use that money to buy a wash plant rather than go in debt, but that's just me. For sure, they do not want anymore dilution.
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