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SSO on the TSX, SSRI on the NASDAQ

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Message: $21.2 million is better than nothing

$21.2 million is better than nothing

posted on Nov 25, 2009 10:58AM

i never thought they would realize anything from the abcp (a big crap pile) notes, so c$21.2 million is found money as far as i'm concerned:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) reports the sale of its MAV II Class A-1 and A-2 Notes received following the restructuring of the Canadian asset-backed commercial paper market for cash proceeds of CAD$21.2 million.

The carrying value of Silver Standard's MAV II Class A-1, A-2, B, C and IA Tracking Notes as at September 30, 2009, was approximately US$24.9 million. The company continues to hold the MAV II Class B, C and IA Tracking Notes. The cash proceeds of CAD$21.2 million have been added to the company's working capital.

http://finance.yahoo.com/news/Silver-Standard-Resources-Inc-iw-887750007.html?x=0&.v=1

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