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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: CLL's Last Stand-News Release
1
Jun 10, 2009 04:13AM

Believe:

What new debt are you talking about?

Cll raised cash by dilution,,, The current $150 is to replace the 200 secured line of credit it canceled a little while ago. So by my estimate that means we've got 50 million LESS in debt than we would have.

Granted we're much more diluted, yet further expansion would have eventually meant either dilution or more debt anyways.

Yes we're at the mercy of oil prices, yet is the farmer not at the mercy of the market for whatever product he grows, the steel mills, paper mills, auto manufacturers and construction industry not at the mercy of demand. Is the entertainment and restaurant business not at the mercy of the people having enough cash to spend on luxuries..



The list goes on,,POINT IS we're all at the mercy of someone.

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