RE:RE:RE:RAMSAY on NWT COVID IMPACTHello and good morning Longs:
Of course there is rightfully a high degree of negativity for a number of reasons;
1. The NWT generally speaking has done a poor job of managing land claims w/ the various aboriginal groups, which makes investors nervous about developing. i.e Ekati took a looong time to come to fruition and get everybody on board
2. Many investors have been around way longer than my 7 years and there is literally nothing to show for their patience. And by the silence from Head Office there is likely nothing forth coming in the next year or two. So like me I am sure there is a high degree of frustration. A lot of dead money just to pay excessive salaries.
3. Capital for juniors has evaporated. Trillions of dollars simply wiped out, gone, so only people investing now are prudent companies who are going to scour the planet looking for hot deals.
I would have thought that would be FT but perhaps the failed track record is too long for this company to be enticing to anyone?
Merely my opinions however and I could be way off base.
Yellowknifer