RE:RE:RE:JV model companies taking properties backWalterplayer7 wrote: By the looks of your response you seem to be employed with Lara. Gave it away when you said "our land". So you do not deny that most of your properties are coming back to you. How long does that take? When is Lara's next financing? Soon I hear?
You seem disappointed. Whatever it is, it will get better.
As this is the bullboard on the company I assume most of the readers are shareholders. So the and me included own a share of the company and therfore it's assets. So this does make them "our" = "the shareholders" assets, assets means land.
And a smart guy like you can for sure tell us (us in this case means "me and the other shareholders" how you assume a financing is necessary? Beginning of the year the company had about 5,5mio cash. If management is not able to reduce cash needed for operations further and it remains on 2012 levels it is around -2,9mio. Now add around 300k from the investing section (was 1,5mio 2012) and I would say that there should be enough cash to be able to survive by the end of 2014...
And I really had to smile when I read you claim you are right just because somebody on the internet does not prove the opposite. Read the news releases - a smart guy like you should be able to do so - and then you will see that some were returned because there was nothing economic on it, some were returned because the JV partner was not able to get the financing and on the other hand new partners were found for other projects. So think whatever you want, I personally think that a company that has JV's with Antofagasta and Codelco cannot be that bad.
And remember: It will get better. :-)
carinthian