GREY:PTQMF - Post by User
Post by
wwadehammeron Oct 23, 2013 9:27pm
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Post# 21843391
God Help Us
God Help UsIf company's not sold we'll never come out of this. By now, we're $150 million in current debt (twice our market cap), producing less than 15,000 ounces of gold per quarter, over a year behind in paying off companies that provided us services in good faith, and there's no control over what managers at Lom Poy are doing. There's no word on if Lom Poy drilling results were positive. There's been no update on dewatering the mine or completion of the access ramp. The Pamilla press release was a joke. It's all heap-leach garbage with the copper content per ton less than half of FQs. Pamilla won't be heap-leached for 20 years if ever. For heaven's sake, the company hasn't been able to even start heap-leach for over three years. We're broke, we have a mine life of 4 years, what does it take to get people like MJK to see. Fifer is a promoter, not a manager. We're on our way to the bankruptcy court. We have a chance to sell the company. This is our last chance to make money or get our money back. People like MJK are destoring that. Hopefully, progafa is right that there's strong management and share holder support for a friendly buy-out. Wake-up MJK, Fifer has failed miserably running this company. THIS IS OUR LAST CHANCE!