RE:Positive news again Once again Ian has been able to pull a rabbit out of his hat to avoid shareholder dilution . This is the 3rd time . 99% of other junior miners would have thrown us under the bus long ago . Aaron Matlock did us a huge favor with his loan conversion and the terms are very good for us . Ocean , our concentrate buyer , has twice bailed us out . They seem to understand we have been handcuffed and they want us to start producing . Any bank would have closed on us and sold the whole works for peanuts . So we survive another day . That interest rate seems high but if we can get things going we won`t owe it or at least not as much as might be . It would be a shame to sell the stockpile but not the end of the world . As reddog said we basically got it for free . If we can use it to pay the bills lets go for it .
Mining right now is very tough for everybody . Even if we do get rolling it could take a while to see that reflected in the share price . That`s what investing is about . Not for those with a weak stomach .
I told Ian I have held a very good gold miner for a long time that has a terrible share price . It has a pile of cash . no debt , a brand new mill and another one sitting on high grade and it gets no credit for any of that . It trades for less than the cash . That`s mining . For now all the high rollers want crypto and they don`t seem to mind getting slaughtered .
We got very lucky today I think .