Replies to post #200 on The Metals Company Inc (TMC)

[roxandbonz]

Pretty sad? I think pretty glad!!!
Ship is operational. Dredging system is working like a charm. When the green light flashes we will be dredging in no time. Nice little nuggets of money just need to be picked off the ocean floor.

[BeechBaum]

Actually it's older, same page shows owned by Petrobras in 2009. They would have purchased 10 or 12 years before and used for off shore oil exploration. Ship is 20 or more years old which is with ocean craft close to or at end of life.
Also they say they have 20 million in cash and another 25 in credit facility, but say they need 60 to 70 to submit application for permit next july. Of course they will also have payroll, insurance, maintenance, repairs, fees, fuel, legal, etc...
Sounds like another Pred