GREY:GIXEF - Post by User
Comment by
joeon May 15, 2012 3:49am
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Post# 19908993
RE: Management
RE: Management Personally I think within the next month or so we'll hear that they are either gonna J/V Tepal to help with costs or they put everything on hold until market sentiment changes.
These guys learned the hard way back in 2008-09 what not being able to finance a project can cost you, as they completly lost the San Agustin project. So I think with that being so fresh in their minds that they will more than likely just play dead and conserve cash until things change. In this market it's pointless to blow your cash because you aren't getting any appreciation for spending cash and releasing good news.
Things will change but just not yet.
Good luck everyone.