financing, page-4

@bickerdike,

interestingly, conversion is at YTC's descretion. If they manage to pay some of the debt back from evolving cash flow then dilution will be less. I also like the joint technical steering commitee they are setting up. This might help to minimise start-up hickups drawing on Glencore's know-how.

In any case, this is a MYG thread, and my point was that one of the companies MYG managment has chosen to compare themselves with have just ticked a box in an impressive manner. Should be motivation enough for MYG management to do even better, I reckon. They'll be worth every penny of their salary if they can do that.


@SaberX,

As for comparisons with other companies, I'd rather use PXG or MSR as performance yardsticks myself. Hopefully MYG will be able to play at eye level with those companies in terms of management success. I still think that there is a good chance that MYG will measure up.