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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Re: Finance

Nov 24, 2010 06:21AM

Nov 24, 2010 10:47AM

Nov 24, 2010 11:37AM

Brian

That's probably the most important question for us common shareholders.

Any finance experts on board here. JMHO but I would think we should halt further expansion and work on not only paying down some debt but to get into position to redo the current debt terms. Not sure what exactly it would take to get the debt refi at better rates and save a boatload on interest payments each month.

The past learned us they have no ethical approach who will bear the financing.If they could assure investors that they could wait for expansion until they had better production output and cashflow figures and if they could sell their assets with which cash they would pay down or renegotiate the debt issue .All these uncertain facts are hanging above this stock as a dark cloud.In the past they mentioned "no more dillution" so why can't they put something on their website how they see it to go further .

From chart view it looks we try to make a bottom at 1.11.I took position at the opening at 1.12 and got them.Will use the uptrend as a quick gain after we left the Irish problem in Europe behind us.But there are rumours that specculators are eying Portugal now.If you see all the meassures taken to get out of the sitiuations it's once again the man on the street who will pay for the ridiculous behavior of the banking sector.

CLL:CA 1.11 -0.01


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