All's well here Scotty thanks. Tyres are on and ready for this seasons fun.
I agree, Jansen has many issues, and yet Mr Mackenzie still alludes to entering the potash market. Jensen's a bottomless money pit, the YP project ain't, and much of the donkey works been done by SXX. I'd guess that we're a rather large blip on the BHP Billiton radar. Would be rude not to be lol.
"stage 2 finance isn't dilution however when stage 2 kicks in, as this is debt, will it lower the SP on what it is on that day? This i think is something worth considering!"
It will not. The higher debt figure (liability) will be offset by the higher figure of cash (asset) on the balance sheet. It will affect gearing and debt/equity ratios and increase future interest payments. But it should also take a lot of pressure off the SP and reduce uncertainty. Also the benefit of the debt is that it reduces future taxable income.As long as there is a balanced optimal capital structure (combination of equity and debt) maximising future earnings as well as stock price itself, they should do fine.
Hi Itsallamess, re stage 2 finance isn't dilution however when stage 2 kicks in, as this is debt, will it lower the SP
Personally I think it will have the complete opposite effect as stage 2 , ie senior debt will reinforce the prospect of the project being completed in the short to medium term so will bolster confidence.
Re Smithy 7122 , and Howie , agree those were fun days, no sign of them, they clearly upset a lot of folk with their predictions of 15p, maybe they work for G.Soros?
SL, good evening. Trust all is well and you've got a new tyre on yir scooter! Jansen is MoP and there's plenty of that. It's in Saskatchewan and that millions of miles from a port, train/track/port sharing and all to be contended with. If only we knew of a project which can provide a superior multi nutrient product near a port! :-)
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