GREY:ADAIF - Post by User
Comment by
onemoresaleon Mar 18, 2010 12:59pm
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Post# 16898792
RE: RE: RE: RE: Questions about ADA
RE: RE: RE: RE: Questions about ADAI would expect restart of the mine would cost a lot more than 2M, Previous posts have mentioned amounts of 10M or more for the restart. I suggest management will not/could not raise this through regular capital markets, although it could be possible for Golden River to bring the funds to the table - another massive dilution. For these reasons, my guess would be that the company will sell one or more of its key assets to raise "going concern" funds. This could be selling some or all of the gold properties to fund restart of the zinc mine. Or, selling the zinc assets to fund pursuit of the gold.