GREY:CGOOF - Post by User
Comment by
LibertyJetson Mar 29, 2017 3:05pm
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RE:RE:RE:RE:RE:RE:RE:Buying Triangle, Market Leaks & Minesa Missinformation
RE:RE:RE:RE:RE:RE:RE:Buying Triangle, Market Leaks & Minesa Missinformation
SchiffKnowsNada wrote: Max my Man - the issue of Dilution is still REAL and raising the remaining US$100 - 150M to a company worth $430M is still a 25% Dilution for shareholders! RIGHT?!!! - the Permitting was just a matter of time, we all knew that even if they were 3 years behind on their deadlines they would make it, now the mine is 3 years away from an official production dealdline, do you want to BET it will be DELAYED?!!!
The majority of projects of this size will encounter delays. A delay is not the end of the world. From my understanding Continental has secured enough debt financing to get to production. As the production date approaches, if there are no major hiccups, the valuation of the company is sure to rise (assuming a reasonable gold price) because the company would be heavily de-risked.
The question in my mind is if Continental has the team to manage the project construction.