Re: FLC..shouldn't the Frontier begin drilling operations soon? Granted the terms of the placement aren't the best, but considering the bond market is flooded, with more paper coming out next week,maybe the timing wasn't so bad,IMO. Remember the 2006 $200mm bond carried
12 1/4% ..As we get hints of inflation and possible interest rate hikes,,the interest rates on these placements will look better<rofl>..the optimist in me<g>..Well off to work,may the best FLC bull or bear win,,I'm betting eventually the bull kicks some bear ass in the end game...DD ;^)
PS: as far as the placement and the $9.50 mark,,,they must have been looking at the P&F chart..triple top at 9.00,spread double at 9.50. If we hit an intraday high of $9.50, we should be sitting on a rocket,IMO..this recent perferred placement should give us the total cash need to get where we want go and ride out any unforeseen storms..I'm taking solice from that,while looking through my rose colored glasses<lol>(of course, I live in Vermont..we all where this shade of eyewear--a state full of 60's throwbacks<g>) |
