Red Lake Madsen Mine Ltd LRTNF

Looks like

[flashcash]

The drain.....You need good management at this time and I guess we don't !

Dogs breakfast !

[pennyflipping]

I'm still impressed they managed to run this into the ground with gold at $1950. Guess it's true, mining companies will always find a way to produce gold at a loss. If gold is 2k,they will figure out a way to lose money and produce it at 3k. I thought it was a bit early in the cycle for management shenanigans, so I hope this isn't a taste of things to come sector wide....

[justask]

please don't get me wrong as things eventually sideways with this mine 18months ago when the only on site management was someone who had never even been in lower management let alone still in the underground managers position to this day as he and his colleague made decisions worth millions that were so out of their scope of abilities but went unnoticed as there was a bank full of money and

[Fredfudpucker00]

Justask,  did you work in this mine? If you did , could you please explain the fast track sill initiative. Also, with Dumas as a mine contractor why wouldn't they have been more vocal to management?

[justask]

yes I did work there at one time and with contractors one thing they cannot be is vocal if they wish to remain on site as it is the companies sandbox and either play by their rules or find another sandbox to play in and the fast track sill initiative is a one last desperate attempt at some survival cash that's is the layman's terms for that

[shelby2]

so are u saying  justask they might not reach thier goal, and where was belanger all this time, she not see these things?

[shelby2]

boy i wish i were a fly sitting in on thier meeting, anyone any rumors whats going on