GREY:NWMMF - Post by User
Comment by
eduardo12on Dec 08, 2012 9:27pm
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Post# 20703691
RE: RE: jt
RE: RE: jt Great posts guys..
It seems there is a tradeoff between expanding reserve vs paying off debt. I don't know what to think anymore. where exactly is the 8 million going towards? wouldn't mind seeing percentage allocation. I know most of the money generated thus far has been going towards paying off debt and costs of adding new leach space and extra stripping. It is known that the debt will not be paid off on time - so what to do?
Agree, consider consolidation after full scale production is reached, over a year from now. If they want consolidation at this time as described in the NR, then step it up: Get up to full scale 15,000 tpd asap- not by end of 2013. Prove to us you can do this. Otherwise consolidation is a big fat NO for me.
You can email your concerns and tell Chris himself to step down. He has lost a grip on the investors. I know he's in a bigger hole than most of us, but it would help if a new CEO steps up. He doesn't neccesarily have to leave the company. At least he got the mine going in literally 2 years and with financial restraints. But it's at a point where a fresh face with proven backround in running a mine steps it up and reaches out to the public.