RE:RE:RE:RE:RE:Anyone else guessing $50 million at .25 cents coming soon? crazytimes wrote: Respectfully I am only guessing and you may be right but...., then why the only one week extension then? When you are not in compliance and at the mercy of a lender, I would prefer another ugly raise and live to fight another day vs the disasterous alternative. How much cash do you think they currently have on the books as of TODAY? I am guessing very little! Who do you think the loan covenants are there to protect, and why wouldn't those that demanded them at the start also now demand certain actions to protect their investment as specified in the original documents? Maybe you are right and they found another way, but what could that possibly be, and most importantly what would you do if you were the lender? Just my opinion. Good luck to all.
"Maybe you are right and they found another way."
I hate investing on maybe.
You bring up good points that some of the massive bagholder here can not bear to listen too. They may find financing but who knows at what loan shark rates and conditions. Issuing a bunch more shares at this low a share price with some debt at high rates may not be ideal but it may be the best they can do.
When all is said and done and hopefully everything works out the basic problem with builfing Magino over the last few years is that a broken down little miner like AR has been for years with low grade minesand depleted mines not bringing in much profits and $1 billion needed plus needed ti build the mine was way to big of a project to ever take on.
I have reduced my shares owned by about 65% over the last few days.
It just gets to tiring holding on after nothing but bad news after bad news.
Reallistic non pumping or bashing posts like yours are what i come to these boards for.
Good luck to all even those who study evey word in the nda s but always seem to miss the big picture.