Only One Piece of News CountsLast water problem they had caused a 20 day work stoppage. This one is already 23 days. The financials for the first quarter won't be much better at this rate.
News releasese with drill results are meaningless if the hole you use to get the stuff out is full of water. They need to fix this problem and start getting ore out of the ground again. Until then they have no cash flow and that means one of two things....
1) Financing - a disasterous idea at current SP.
2) Sell the company - disasterous for those of us that have stuck it out and are waiting for better days.
Clearly neither option is a good one. The only good option is get the mine going and the mill built. I do think reducing the drilling on site was a good idea given this situation and the lack of cash flow.
Anyone ever hear of this type of water issue not being resolved. My biggest concern is that they simply are unable to get the ore out of the ground?.... That would leave us with a dairy farm and not much else... I would need earn Moooore money somewhere else.
Keeper