WinstonSmith’s details
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Maybe the Alaska gov't has a development company ready to finance, but insisted that HTR dump their non-Alaska holdings. Most of management's time has been spent permitting and shmoozing with the state and local officials. |
5/6/2013 9:56:51 AM |
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ST had boorowed 7.5 million from Sprott a few months back for operating cash. Sprott is now accepting shares as repayment. The .65 price was probably determined as the average market price over the last 20 trading days. Winner: Sprott resource c... |
4/29/2013 9:30:27 AM |
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Kapboy: You need to review the new corporate presentation: http://www.stonegateagricom.com/s/Presentations.asp You will see that 1. Commercial production is scheduled for Q4 2014 and will require 120MM in capital costs 2. Although there is a surf... |
2/6/2013 7:16:16 PM |
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By referring to Company balance sheet published by Cormark to which you alluded we see that as of Dec 2012 YE the company has 12 MM cash and short term liabilities of 9MM... leaving it with 3mm in operating cash Jan 1 2013. By your own prior ad... |
2/4/2013 3:10:53 PM |
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Before this company is cash flow positive it will require at least another 100MM or so investment. It has been operating on a short term contingency loan from Sprott Resource Lending Corp from AUG 2012: http://www.stonegateagricom.com/s/NewsRele... |
2/4/2013 2:04:49 PM |
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ST is hardly a cash cow, as a matter of fact is nearly broke, having recently had to get a loan from SC P to continue operations. It won't be self funding for another 2 years and after getting 60 MM bucks from somewhere. SCP is limited to own... |
2/4/2013 10:33:50 AM |
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I erroneously called this a phosphates play, It is in fact a high grade (SOP) Potash play as its name implies. Apologies. |
2/3/2013 11:22:35 AM |
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OK.. the company name is Potash Ridge Corporation (T.PRK) and is potentially the only open pittable phosphates mine in the world. Went public in Dec/12 with Sprott Resource Corp the lead partner... very similar to StoneGate in that the managemen... |
2/3/2013 10:46:53 AM |
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Cormark must have been accumulating for the past couple of months... before they let out the report. There is a deal imminent, If Sportt is part of a new equity financing then the deal will be done I think around .90 (minimum). If one of the indu... |
2/2/2013 10:29:04 AM |
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Great post thanks for the info. Didn't see Al Queda on the list of potential financiers though. |
2/1/2013 4:28:29 PM |
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