Dec 9, Iamgold paid off $400 million 2nd lien early because of the strong cash flow 10.25% loan
$40 million a year saved will add significantly to free cash flow.
By end of next year looks like I may have a 10 bagger from my original investment. Dreams of a $30 exit in 2026 as strong cash flow has already started to do wonders on the turnaround story. If you're interested keep an eye on Nelligan project where the company has expanded holding as results from drilling continue to define the project. Really don't know what the upside potential is if that plays out.
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