This guy (I feel) hasn’t got a clue. So EMG is going to let Se.ven buy up enough notes so that Se.ven can “theoretically” hold the ace card and take control. Give me a break. No no! Coronado offered the notes to the institutions and told them that if they no longer wanted to hold the notes to sell them to anyone but EMG. FFS. Coronado is really going to put themselves in that position because EMG is not prepared to buy notes on the cheap because Coronado’s future looks bleak with expansions at Curragh (Mammoth), Buchanan and royalty removals coming. Only a couple of hundred million savings in less than 2 years time? Cmon, I think these non holders got nothing better to do than to put the fear of god into some holders. Stay strong holders. Nothing is going to happen overnight. If it does I welcome it. I’ll go one better, Coronado cannot refinance so EMG will let it collapse. Oh pleaseeeeeeeee!
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