Action Wanted...It is sad to see this play is back in it's own recession. I cannot believe the word "financing" is preventing any action. Especilally when there are other companies like Shear reopening the Jericho Mine which haulted operations due to lack of findings, aswell huge operational costs and difficulties. As well Debeers in the process of redoing their Gahcho Kue Mine environmental assessment that was previously rejected. Both of these mines are in the middle of no where - enourmous costs. While Leadbetter is sitting in our backyard when comapred to those northern properties. Sure the Carats presently recovered may be small in comparison, although our massive volume must mean something. THe bulk sample may aswell recover Diamonds much larger than expected.
All we need is the damn bulk sample to begin, once results start to surface I highly doubt this company will ever again have any finacning difficulties.
I understand management isn't doing much when it comes to "Informing" us investors. Although, I am sure they are doing everything but sitting on there asses. Ryder must have something up his sleave. He said by the spring they will begin construction of the DMS, lets see if he can follow through.
I am sure the DMS is already in Canada, not necessarily in Wawa yet, but in our country atleast. He could be arranging a sort of collateral base loan/IOU agreement with the seller of the DMS.
They purchased the plant from a previous operating mine correct? or is it a distributer? IF the equipment/facility is '2nd hand' there could well be more leniency.
Get'r done Ryder, Lets put Leadbetter back on the map.
Hopefully they have something special planned for PDAC as well.