GREY:GIXEF - Post by User
Post by
2investorknoton Mar 25, 2016 11:19am
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Post# 24700603
MD& A
MD& A Well, what one can say is, at this point according to the MD&A filed yesterday, the following applies and its just going to be a continuation of the waiting game, hoping to last until Tepal attracts real interest.
Possible financing plans for 2016 include:
- Strategic Partnership
- Sale of equity capital through the issuance of shares, warrants and other securities
- Sale of a royalty or metal streaming assignmen
- Merger with, or acquisition by, a well-financed mining company
The Company will continue to use the proceeds from the sale of the non-core mineral properties and the convertible note financing to continue to maintain the Tepal property in good standing. Substantial budget cuts were achieved during 2014 and 2015 which will allow the Company to operate at a very conservative level during the current downturn in the mining industry. Despite success in completing the sale of non-core properties and past financings, there is no guarantee of obtaining future financings