GREY:GIXEF - Post by User
Comment by
edmedon Dec 14, 2015 9:47pm
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Post# 24384168
RE:All true!
RE:All true!
I think it is quite simple re why there has not been a JV at this time. What is the rush for any company with money.
Unfortunately companies like ours missed the boat.
The wolves are waiting for the prey to just die instead of going in for the kill.
The sad truth is we are running out of money.
Previous posts said that something like spending 26K monthly was a reasonable cash burn.
That does not sound reasonable to me.
Since this company is essentially mothballed and has been for several years , this sounds like a heck of a lot of money to me.
I want GIX to survive this downturn in metals
I think that after the past 4 year bear, we are getting close to a final capitulation in mining and the eventual birth of a new bull market.
If the spending does not slow down however we won't make it.
The company with go bankrupt and management will cut a deal and give us to the wolves that are waiting for us to die.
Management may profit but we shareholders will get nothing.
imho of course