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To: pater tenebrarum who wrote (51439)12/27/2000 2:16:33 AM
From: baystock  Read Replies (1) | Respond to of 436258
 
<<i know about HL's short term debt...which the lenders will imo if need be reconvert into LT debt if the sale doesn't go through - it's better than the alternative from their PoV>>

Yes, I agree that the debt will be extended, but on what terms ? Sunshine mining gave its creditors the bulk of the company and the share price is now 5 cents.

<<not a word from Zemex btw. regarding financing not being certain.>>

That was my opinion only, derived from looking at their low cash balance. It appears that the odds of Zemex getting its financing may be better than I first thought.