THey actually made cash for the first quarter or two, and then the quarterlies turned into road-kill as they got through stockpiles and hit the stopes. Im scratching my head wondering who is going to front more cash given their debt and poor cashflow and the PYBAR issue lingering. Perhaps they could put Challenger into C&M and wait for gold to bounce?
I have to admit I would be tempted to buy a million at a cent if it gets to that point, but if they lose the case and the court demands payment they will end up in a position with BAPL and PYBAR putting dibs on whatever is left of the scraps...
