GREY:ABGFF - Post by User
Comment by
TheRock07on Oct 14, 2010 7:16pm
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Post# 17566632
RE: RE: Another smart move by management
RE: RE: Another smart move by managementThey get $4 million in cash and I stated that the mill did not come with a crusher or ball mill which can be bought and transported with the cash rec'd..
The remaining $3 million in equity will become free-trading within 4 months and can be used as collateral.
The total capex is only $17.2 million less the $4 million in cash, so its not a very large amount esp with gold near $1400............