TSXV:MXL.H - Post by User
Post by
Gumbeeeon Oct 07, 2015 11:55am
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Post# 24171655
DVN assumes all existing liabilities of Forty Two!
DVN assumes all existing liabilities of Forty Two!People - there are over $3M in outstanding Creditors in the Forty Two fiasco - and they all need to be paid, or it goes into bankruptcy! Also, the old tailings pond is only permitted for molybdenum and requires constant high-cost maintenance and with any potential (LOL) production being years off, this is going to be prohibitavely costly. You have to wonder if DVN management did their homework on this deal - it certainly looks like they didn't -