IKN

a plague o both your houses

You know how desperately bad Seeking Alpha writers are…

…when they use IKN as their source material. A screenshot.
They even pick the pieces of script with my bad grammar. Why I left the “when” hanging in there is beyond me. Merci GMR pour le “tete-en-haut”.
And on the subject of bad anal ysts, by the way Itinerant/Investment Doctor your Rainy River capex math sucks. A quote, with your humble scribe highlighting the dumbass bits
“Liquidity may become a concern here: the company had $145M in cash at
the end of August, and has $175M available on its revolving credit
facility. Adding the final $75M stream deposit by Royal Gold (NASDAQ:RGLD)
brings our liquidity tally up to $395M – or $85M short of currently
stated capex requirements. The $50M overdraw option on the revolver
won’t save the day here, and we would be surprised if cash flow from New
Gold’s operating mines does.
In other words: expect New Gold to raise capital before long.”
Wrong, wrong, wrong, wrong wrong. Lazy analysis is what makes Sinking Alpha what it is.

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