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Sorry to say but told yaz!This is far from over. Forget about...

  1. huninni
    2,347 Posts.
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    06/11/12
    21:32
    Post #: 10965047
    Sorry to say but told yaz!

    This is far from over. Forget about the US$30mil, it's not gonna happen. It'll end up in the Courts over in Peru and it's going to cost SRK millions imho but I reckon they'll end up with 100% of AF. I'm tipping they may have to pay D&C something to go away as well. So all in all, yes they have $20mil cash right now but the question is what do you think they'll have at the end of this process, not withstanding also the $9mil they have to pay Cuervo?

    Back to previous low levels we go imho but at some stage it will represent a great entry/top-up point again.

    Good Luck All
    SRK Price at posting: 13.0¢ Sentiment: LT Buy Disclosure: Not Held
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