Thanks for asking. According to the cost of the items, not the market value, the assets are indeed 1.7 million. Sp as we know is not the same. 2010 most likely will be a losing year but they have a chance of actually making a profit. Not because of the great accountants, like someone else suggested, but because of the the american money printers bring the CDN exchange rate to par which could lead to another $23 million foreign exc gain. The other factor is that bitumen for nov has gone up and if it holds then with the 14K bbl/d of bitumen the 4th quarter will be, as I said before, a breakout....

If they manage to sell the assets and get lets say $100-150Mm that may put them in position to renegoiate current debt. At the least they will need about $400 million to expand another 10K of production. With a positive cash flow in 2011 they will have an easier time obtaining more funds to expand. I hope they don't start spending the cash before approval as they did for Algar. At this point there is no rush. The best thing now is for them to exceed production estimates. Hopefully 9K at Algar and 8K at GD.

They would have positive cash

Spidey