This issue will have about 250 million for new investment.
From the last 10k there are about 48 million of convertibles that are able to be put back to the company
after Mar, 15 2013. They would likely keep that amount as segregated monies.
Ryepatch trial is scheduled for Sep 26 2013. Some of this may be scheduled for a possible
settlement merger or whatever. Prudent management would think better save that sorry.
Opening another mine would mean more capex and increasing production into a market that will see strong production overall for the next few year thus level pricing.
I favor them buying large low price assets for long term resource useage.
If those on Kitco are correct about 3000 gold and 100 sliver down the road sometime due to
debt and monitazation then sitting on resource is good, maybe better than near term production.
A completion of purchase of any of their partial interests seems likely.
As a PZG enthusiast 3000/100 would work out to be about to about 37 dollars a share using 15 percent of the resource value in the ground. With it selling below 2.50 and with 150 million shares outstanding that would seem to make it an open market purchase of 375 million.
In your dreams......ya should be worrying about the Pal ant hill (with Franco ghosts lurking around everywhere), SB nationalization, Kenny output (and costs), and the Argentina Connection that's going to cost how much, and take how long to see a revenue stream from "another" World Class Mine" (that makes 4) after dumping 1-billion into getting it up and running.
Yup, ya better buy something already producing....but it won't be HL.
You guys don't even have enough "clear" cash to pay for the cash HL has squirreled away in the back room........lol.
possibly one of the candidates, IMO...but CDE could expand its
gold production...and there are a few possibles in that situation,
as well...and most possibilities MIGHT only be there because of
the high cash flow that will be required for expansion...that theoretically,
CDE will have going forward from here...
it won't be easy prying a great asset from the kind of folks I am
thinking about...so...CDE will have to look pretty sweet with whatever
bag of goodies it brings to the table...
not sure it is doable...but anything else that I can think of or has been
speculated about is less than optimal for CDE shareholders, IMO...