RE:RE:RE:RE:RE:RE:RE:Sell side on market depthDroit
I am still waiting for their financials! The last report I see is like 6 months ago? If I recall correctly they had a Nov 20 balloon payment that was postponed to early this year. If I am reading their original agreement they are going to need alot more money so more cheap financing yet. Even then you are talking nonsense with knowing where the gold is and mobilizeing. The company is bring in some equipment right now to do a bulk sample of some sort this year as there is only a winter access road. Other than that they need to helicoper or water plane supplies in! Also, it appears alot of the fertile exploration area are under swamp or water. Now with all that said it also appears they will not even start up a small mill facility until late 2022 so almost 2 years from now. By then they would need god knows how many financings... They have alot of shares now you can imagine how many will be out there by the time they get moving. It will be very difficult for this one to move forward without sticking the drill in the ground and coming up with some really stellar results!