Hi BeenThere,

Yep, payment of ~$600k cash + cash equivalent include 200k cash plus 100k PRB shares.

- $200k cash just enough for REC to settle the debt (some $175k?). So, their cash reserve is just enough to keep the lights on (but for how long?)

- $ the 100k shares are for real emergency situations where they could sell PRB stocks to top up the savings account.

My take is that PRB expenditure above is not that significant for a company that has a mkt cap of about $1/4 B. Dave could have taken advantage of the situation (REC being broke) to bargain down, but as a nice guy...

But, for suspicious minds, perhaps there are more to what are being dished out for public consumption. There must be more to this, but management, in its own wisdom, just wanted to keep it within the 4 walls of the board room.

Any recollection of depths of those (approx) 10 holes in a neat row on E side of REC property which apparently struck nothing of significance. Anyone?

goldhunter