RE:so what hit us highper
management sold off snowfield for $100 million and now is going to spend $100 million to look for 25 million ozs of gold
so we got cash up front and a hope and a promise for a similar sized discovery in return...
does this make sense... what were they thinking. They had the hanging wall results in hand - visually if nothing else.... to pay down debt... they had over $200 million of cash on hand when they sold snowfield... They didn't pay down any of their debt withany of that money as far as the records show... so what the heck hit us... hey but christmas bonuses are coming and pretium is a booming and management will expect to be rewarded huh?
gimmee a break
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$100 million USD cash is in the bank with more to come.
I guess they didnt care what such an important person such as yourself was against this deal.
Maybe they didnt understand just how important of a person you are. I guess they dont follow Stockhouse. Hahahaha