A piece of lumber 5 inches wide, 3/4 inch thick, 2 1/2 ft long with Velcro straps at each end which is placed under the elbow with the wrist and upper bicep tied with the Velcro straps while the big needle is pushed into the inside of the elbow.
A message board at Investors Village.
Could this be the tie-in that is PARTIALLY behind the purposed IPO?
That is, "construction costs are expected to be higher than initially forecast" ...... thereby the need for more cash to pull them off. The IPO may generate some or all of the cash needed without going to the credit market in an atmosphere of forecast higher interest rates. Combine the added cash generated by the IPO with the possibility of a future spin-off of ASARCO (after a value has been established) and AMC/SCCO could probably handle the capital costs of expansion and end-up in a stronger cash position than at present. If so, it looks like a good plan.