Buenaventura (BVN) has nearly completed its U$500m debt refi deal that will boot its 2017 maturities into the future. The haggling is over the coupon, but the cash is there and once closed will make the working cap look a lot healthier. I don’t own any, but I’ve been thinking about it.
I bought some more B2Gold at U$0.85 yesterday afternoon. It’s really cheap after all that Van Eck liquidation, overdue a bounce. Near-term fliptrade planned for this chunkette.
Frank Holmes is the big seller of Gran Colombia Gold (GCM.to) via that Global fund of his. He’s getting about 1% of the price he paid for the shares way back when (with Other People’s Money of course). But hey, just keep reading his permabull crap and pretend he knows what he’s talking about.
Metanor (MTO.v) is looking to run yet another equity financing, trying to raise around CAD$5m and is already trying to discreetly shop the ideas around the usual suspects. At least one of them has rejected the idea (after being takers previously, seen the light it seems). More dilution on the way, suckers.
Tahoe Resources (TAHO) still hasn’t told anyone about the death of its employee at Escobal. There’s obviously something it’s hiding about this unfortunate event and shareholders should ask the company before there’s a big legal complication from it. That’s IKN’s considered advice this happy Tuesday morning.
Gossip over. Have nice day.
UPDATE: Reader and close follower of all things Colombia resource, reader SB chimes in:
“hard to believe frank is getting 1%. that sounds very high”
Well yeah, agreed, I was rounding up.