Would be a great outcome and HUGE kick upwards for the SP..only need a 35mill 1yr loan @ 8% paid off in the first year, then several more years of production reaping 420mill net- cashflows pre-tax ...
But maybe NST isn't playing ball and is pushing for a script deal for the $35mill and with the pressurized SP hoping to take their interests to over 40-45% ??
Surely in the current low rate environment EAR mgmt could raise the funds from mutable sources 8% with some free opts 15c ex. ?? the BZW plant along must have a 30mill firesale value to any creditor
EAR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
