…as at December 31st, 2018. Unpretty.
Blackwater is now carried by NGD at $340.3m (it was $552.1m). Even that seems expensive to me and I doubt they’d find a buyer willing to pay that amount of cash for the dog, but selling Blackwater and paying down a lump of that would be corporate alternative now (and stranger things have happened). Either that or kill the goose that lays golden eggs and sell New Afton (a deposit so good that even the numbskulls that ran this company couldn’t fark it up). If not, that debt is going to continue to eat NGD the way it’s been eaten over the last couple of years, bright and shining new CEO or not.