I went over both reports. But very confused here.I've gone over everything the company has written in regards to updated date and project completion and if I'm reading this right...
N O T H I N G has changed, even with the N E W money they may get on the dilution of shares there is no real change to teh project timetable.
The are still suspending their construction of the Tailings pond until next year,
they are closing the second gold plant in May as they indicated when the permit was suspended
they are lowering their gold output for most of this year and a large part of next.
They stated all this BEFORE, when they received the permit withdrawl all this was pointed out.
Now they apparently will have the funds and they are still suspending the capital projects? Something really stinks here, yes it's let's get the SP down so we can pick more up at rock bottom prices but if I'm not mistaken for Simmers to get more shares they have to file reports of such due to their almost majority ownership of teh company.
I still do not understand where the money they will get for the shares they are offering is going if not to the capital projects.....
Pee-EW something stinks big time here....
I'm long on this only because I refuse to take a loss, but if it ever gets to my break even area
At this time I feel that I will bail on this and never look back...
GLTA