GREY:DRGDF - Post by User
Comment by
justlikethaton Dec 09, 2008 1:19pm
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Post# 15635270
RE: Milestones
RE: Milestones"It would be interesting to see where the company is in terms of meeting some of the key milestone dates in particular the ordering of the SAG and ball mills as well as the mining fleet"
I spoke with IR about 4 or 5 weeks ago. This was still a go. It was said that prices of the SAG and ball mill had come down and they were neotiating. She made it pretty clear that they were moving forward with this. I think she said the upfront cash needed would be around 12mil. As far as the trucks and such...no mention.
What about an equity stake at this point. Couldn't they offer up PLG as an entry? Even if that was a possibility, I don't see many other than ABX who are looking agressivly.
What do you think about the mothball concept? That doesn't make sense to me. Does it you?