GREY:ARGEF - Post by User
Post by
netsilon May 27, 2016 4:16pm
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Spoke to Mazen today, edge of well in in view
Spoke to Mazen today, edge of well in in viewHad an upbeat chat with Mazen today on the state of things and so forth and am happy to say that things are looking good so far. I asked about 10 questions but there is no need to get in to each detail.
To keep this short and sweet, all dependatures are accounted for and it's just a matter of finishing the administrative work on all end. 1-2 weeks is the expected timeframe. This will quell the TSX review once it is processed.
Financing as it is now will get them through next year so operationally they are secure into next year. Additional rounds may be needed down the road but it is not viewed as an issue with the new partner.
I pressed Mazen H. on the need for better IR because we were left in the dark a lot especially in this stressed period. Suggested piece meal information on progress and milestones as it became available on their end instead of big news. He did agree and mentioned that IR will not be an issue with the new partner. One thing people should understand is that though Mr. Haddad is a finance guy he did a stellar job in saving this company and in getting us a good deal as it have been much much worse.
And lastly, get used to the name of Mazen El Naimi (Gulf partner) who is expected to assume the CEO role from Mazen once news comes out. All other questions regarding plant, mine, partnerships will be addressed once Mr AlNaimi is at the helm.
As per Mazen H. Mr. El Nainmi will own 25-30% of the company but if any of you watch the sharktank or dragon's den then you'll understand that we now have a VERY experienced person from that industry on our side with vetted interest.
Have a great weekend ladies and gents!