Post by
nofluff on Jul 26, 2014 6:18pm
the good
We could pay it off with 250000 loan at 8 percent. Then we only have one monkey on our back. Then we could do a 2 cent shareholders rights offering and pay all our debt off as well as make next years payment. We could sit back and wait for mister metal to move up. At this point we mortgaged the entire company for 250 thousand dollars. The rate is fair but do we toss in a million shares for bonus??? It is good that we get such clarity here. Rant for the day!!!! Nf
Comment by
nofluff on Jul 27, 2014 2:07pm
We can hope Rick Rule is right and small cap mining stocks about to explode. We have to remember. We are not moose pasture owners looking for a deposit. We have the goods and purchased 2 more small blocks encompassing the same deposit. That was extremely smart. I believe that was in the NE high grade open area. Lets hope we are on the bus and not under it in a few months:))nf