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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: rickhammer who wrote (304)9/2/2012 3:14:33 PM
From: silkscreen121 Recommendation  Read Replies (1) | Respond to of 3620
 
Permission will not be forthcoming until next year at the earliest. The DIP lender wants to see some progress in the GOM before it throws any more money at this wayward child. They want to know if the child is capable of rehabilitation. All potential Cheviot and Octabuoy (sheesh, will Americans ever learn to spell that word?) deals are now on hold indefinitely.



To: rickhammer who wrote (304)9/2/2012 4:46:06 PM
From: billgatesisevil  Read Replies (1) | Respond to of 3620
 
The terms of the DIP loan is that the only capex that the ATPG parent can do must be related to the GOM. If the UK sub can swing something on their own, fine. But the parent co cannot do anything to help them.


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