GREY:ADEXF - Post by User
Comment by
Greenandgold.on Dec 06, 2011 3:46pm
150 Views
Post# 19296715
RE: RE: RE: RE: RE: RE: twisting the facts.
RE: RE: RE: RE: RE: RE: twisting the facts.Do you think those options are free? When employees cash in those cheap options, which they've certainly done at AXI, it's a real-world expense. It dilutes the shares, and each share is worth less. AXI spent $870,412 on general and administrative expenses last quarter. Now they are nearly out of cash. Those are indisputable statements. End of discussion.
*
I don't own a share of ADV, but since you asked, I've been very impressed that they've registered their 16 MTA project for environmental permitting. This is a multi-level regulatory process that could take up to 2 years. Any company that hasn't begun this environmental permitting process is just kidding about being in production by 2015.
*
ADV starts its permitting process now, it will receive environmental release and permits in late 2013. A year and a half of construction and the mine should be operational by early 2015.