GREY:AUAYF - Post by User
Post by
xdmmdx3on Jul 23, 2008 8:00pm
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Post# 15323352
People...
People...It's obvious that no one here was a big fan of prior management, and I for one NEVER liked David Stone. Anyone who talked to him more than once would understand why. I'm very GLAD he is gone.
The current people running the show are better than the likes of who was running Adanac in the past. You can't allow HUGE EGOS to get in the way of moving the project forward, and I think both prior CEOs had this problem.
All that matters to EVERYONE now is the debt financing! Whatever it takes, Adanac must get the remaining hundreds of millions by the end of January. If they do it is ROCKET TIME for the share price. If they don't, this stock is worth very little except what you might assign to the other moly properties Adanac controls.
So the question becomes, what is being done to maintain and grow shareholder value? What steps are they taking NOW to make sure they can get the money? Yes, yes and yes we know this project is very sound and stable with the money, without it, it is useless to Adanac.
Does Adanac require what other moly companies had to get to receive financing such as an offtake or getting a big partner (mining company or steel company to take an equity position)? or can they go at it alone, hopefully with the beginning of recovery in the US financials market, money may become more loose and allow this project to proceed...
At this point it is conjecture, but I'm expecting the guys running things now are more motivated to succeed than the prior bunch were. What is this big US financial company done for Adanac lately? Don't both these groups want to succeed and get paid? if they do, they better work harder, smarter and faster.
Good luck to all,
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