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672 Posts.
3
26/06/12
15:56
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Its good to vent Tec...
Your instincts in my opinion are right!! Coyote is high cost and a dividend very very unlikely!
Still waiting on Feasibility for Central/Groundrush, expected early 2013.
How much debt will they have come end of Dec 2012?? My view is +- $50m.
No ABM stake to SELL to get out of jail this time, which leaves 1 of 2 options in my view:
1). SELL Coyote (unlikely)
2). Deep discount rights issue. (my view is WHEN rather than IF)!!
Goodluck
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