RE: Debt restructuring - CAMPBELL RESOURCES (cblrf) (TSE:CCH) -
I base my opinion on the news from Nuinsco and Ocean.
These companies have now the vast majority of the debt, so they can decide the next actions.
If they wanted to liquidate Campbell, it would be useless to buy the debt.
To keep the company intact is the fastest way to restart the mine.
Of course this is not the first time for Campbell and Nuinsco.
Nuinsco and Ocean will get the vast majority of the new shares and company,
maybe they will sell a part of it.
11/26/2010 2:44:24 PM | | 216 reads | Post #28906512 http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=CBLRF&t=LIST&m=29037321&l=0&pd=1&r=0
Production statistics from Campbell’s operations for the most
recently completed fiscal year ended December 31, 2005,
are as follows:
Joe Mann Gold Mine (Québec)
29,431 ounces Gold
897,460 pounds Copper
21,795 ounces Silver
Ore is processed at Copper Rand mill
Copper Rand Copper/Gold Mine -
7,098 ounces Gold
6,777,000 pounds Copper
21,820 ounces Silver
Goal to double production to 350,000 TPY
General Information -
The Company is a gold and copper mining company operating
principally in the Chibougamau area in northern Quebec.
The two main assets of the Company are
the Joe Mann Mine and the Copper Rand Mine.