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Gold/Mining/Energy : Caribgold- CG:TSE
CG 57.58-0.2%3:59 PM EDT
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To: John Fairchild who wrote (29)4/7/1998 5:12:00 PM
From: philip trigiani  Read Replies (1) of 48
 
If, you look at all the JV's they have entered into with MMU,PUG and Golden Eye, subtract their committments for phase 1 and 2 of each of these jv's, they're going to need further financing, especially if this new discovery on MMU/CG is kimberlite and turns out to be big. On the other hand, they could sell their Cuban interests and generate some cash. I estimate after phase 1 is paid up for each JV, their working cap must be down to around $2.5 to $4.0 million.
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