RE:RE:sad endingI said it before...
Have any of you been to an auction on a bankrupt junior?
million dollar equipment sells for $1,000 and cost $50,000 to move it...
noone will buy a wanna be mine...senior miners will need to evaluate if the drill results are worth anything, if the equipment is even the right equipment to do the job, if the claims are real and have value, if the contracts with First Nations are done right, if the Gov. documents are filed right and a million other things.
It is easier to sell an operating mine than a junior wanna be mine in bankruptcy.
The Shawningan building it's worth NOTHING, just like NMX didn't pay for it either...
Noone in this forum knows all the commitments that NMX has and the unpaid electric bills and tax...
NMX management was not capable to keep things under control...they were pushing ideas and visison but no plans and back up plans...they just pushed ahead and changed their mind as they went...
I saw this comming 2 years ago, it took a llong time but it got here, exactly where I told you it would get.
What makes you believe I will be wrong this time?
TeddyBear wrote: US$350M and interest payback (chance for bonds to get more almost zero now)
Remain C$77M last Q + US$40M
PG is entitled to 12M is deal failed
Question - how much is worth mine quite advanced ? Shawinigan building should not be more than C$10M and process/IP will suddenly be worth peanuts.
Victor Cantore mention one time mine is worth 1Bds but as anything coming from NMX is unreliable ...
Such marvelous investment that PG with deep pocket gave up