"spin out PDI" - is this worth less now with Inmet announced the contract for aggregate?
"I'm guessing the terms of the deal are in line with what industry standards" - some companies got slightly cheaper terms earlier this year but there may have been some warrants involved. The terms look a little on the high side to me but not unreasonable at all. I'm not sure where Investor is getting his rates from....looks like 8.5% (1 minimum plus 7.5) and 9.5% to me.
"Now if the POG/POS will just hang in there we should be fine."
this is the big question for the short term. If markets go down, POG and gold stocks probably go with it again (at least for a short while). POG and gold stocks though would be the first to break back up.
Paying back the PM loans gives them an 18 month break of better reports before they have to start repaying the principal and interest. The real upside though is more exposure to the upside of POG if it takes off.
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