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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (158)10/12/2001 2:51:03 PM
From: marcos  Read Replies (1) of 39344
 
Yes right, i realised that soon as it was too late to edit - question i had in mind was 'is this all the current debt?', that which was leaning heavily on survival prospects for shareholder value .... and it looks like it's the great majority if not all ... eh? ... there's production ongoing, got to count that in, and the new pad setup should be improving oz/day numbers right about now ... that was The Plan, anyway .... got to add in remaining structured debt to get enterprise value for VdR, too, can't forget that

There is impact on management credibility for being late to produce and then the slow leach etc ... and it will linger to an extent, no doubt ... however if they can avoid screwing up grossly in the near future, i think the current discount will be found to be excessive ..... we'll see ... cheers
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