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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (1791)7/31/2001 9:01:58 PM
From: Stephen O  Read Replies (1) | Respond to of 4051
 
Russ Have you compared ELD with BHK?



To: russwinter who wrote (1791)8/1/2001 10:01:02 AM
From: Claude Cormier  Read Replies (1) | Respond to of 4051
 
Russ,

Re ELD.. It was one on my favorite stocks when they first started to develop La Colorada. But I find them now in a precarious situation. Are they cash flow positive now ? With that balance sheet, is it a receipe to go under two yeasr down the road if gold does not improve?



To: russwinter who wrote (1791)8/2/2001 11:43:45 AM
From: baystock  Read Replies (2) | Respond to of 4051
 
I think ELD's $16 million debt maybe the problem. It will have to pay back $6 million in 2002 and $12 million in 2003, in addition to a few million in second half 2001. It is not clear where the payments due in 2002 and 2003 are going to come from.