Things could go wrong with National ... maybe Chester Millar doesn't get his recovery improvement like he figures, maybe they run into difficulty negotiating with the ejido, or can't get further financing without great dilution ... and in any case the whole thing won't work well under PoG290, perhaps not at all ... so there is risk in it, for sure
But i like it, gives great leverage to PoG improvement imho, and i think they'll get the recovery, work out a deal with the ejido, and do well on it .... the property payments are contingent on PoG improvement, so they don't come due before mine construction is made viable .... stronger leverage to the topside than to the bottom from this price level, i should think .... but then i'm sitting on a cushion of comfort, in at ~.14 acb months ago ... kicking myself now for not selling a third on the triple, of course, didn't forsee that cdnx halt deal at all
dnt.v - anybody following Candente?
gng.v - Claude, would you like to share with us what you told your subscribers three days ago? -g- |
