Stockholm It’s more like 85mil in cash 83mil in debt now......

Stockholm

It’s more like 85mil in cash 83mil in debt now...
(From half yearly acs and presentation)

We made money basically all of last quarter since mid Nov as per Lawrenson quote to media...so above situation is better...

Term B loan restrictions have been relaxed freeing up funds to drill Pancho...

This will come out in next quarterly if it isn’t downramped by management...by ‘payments not received the quarter’ or ‘extra tonnage at port’...which will really show managements hand...

Even if we hedge this quarters production at current break even price say, with royalty & DSO starting we are making money...(then the envitable seasonal IO price cycle upswing)...

Why do you think the offer was made at this point in time...before our quarterly...just before their bad one...low point in price cycle...before real value of our lithium/copper/gold tentaments with a relatively affordable drilling and the major rerate that will follow...

It was made at this point in time to fool people like you and unfortunately it sounds like it did...but not many others luckerly...

Chris downramping us and calling us bitching & whiners...shows he thinks we are ignorant...& in some ways we probably are because he has been working with mgmt for months now by the sounds to keep information to the bear minimum....

I don’t think this is missed by the industry and there will be more offers for sure....


All IMHO
Cheers