The thing I like about this PR is it suggests significant shareholder friendly financing is in sight or has been secured. Income can pull us forward in time, but it takes time. We also need some bridging financing and the PR suggests we will have it. The subheadline reads "HIMR Looks to Leverage Resources for 5 Billion Buy Back Program". That looks like borrowed money will partly be used and in order for that to be a wise use of borrowed funds, it suggests the funding in sights is significant and other convertibles have been tamed. The right to extract the resource (snags) is a kind of asset they should be able to leverage somehow. Further, the PR notes "Peter Meier suggested that funding the initiative would partly be accomplished utilizing a portion of the revenue generated from the Company's first project in Bayano". If they are partly using revenue, that would suggest they are partly using borrowed funds.
Just to add a comment about delays - there has also been a pattern of disclosing an accomplishment a couple of weeks or more after the accomplishment. For example, the LOI was signed 6/28/13, but the accomplishment therein wasn't announced until the creek side chat of 7/19/13, and the LOI was reported as published also on 7/19/13. Personally I couldn't get that to download until much later. The Q3 2013 disclosure tells the contract agreement was finalized and executed on 10/21/13, but the announcement of that accomplishment was on 11/8/13.
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