?Is it just me?but I feel uneasy about the way ANX does business and how it is handling the startup of the Pine Cove Mill and Mine operation. Their recent report released Fri. Oct. 15, 2010 is terrible and it appears that they have been borrowing from just about every Board member just to keep going plus the Bank and the Government of Newfoundland & Lab.
They are running a huge deficit and their cash on hand is very low. I don't think that they have been too honest with us as New Island shareholders, but we also have Wareham and his Board to blame for boxing us in to a corner from which there was no escape and essentially forcing us to go with a Company with little practical experience in the field. They just can't seem to get the Pine Cove operation producing at the required level. What is their problem? I feel very unsure about these people. Does anyone else? And as far as Chile goes....I used to smoke a pipe and dream alot but now I stick to cigars, thank you. New Island is reporting to be reviewing the tax and legal implications of the takeover and will have these issues resolved by Nov. 17, 2010, according to ANX's report.