RE: RE: NEWS is OUT(reply2)...The purpose of these boards is to get other opinions to make a better decision for yourself. There is nothing wrong with sharing such ideas and the reason i brought the longwall up is this:
Such equipment is costly and not available from stock, it has to be built and i guess the lead time is at least one year. If i wanted to get ahead of that curveball then i want to place an order for it as soon as possible. The problem is that i am running an upstart company and have no revenues ( yet ). The equipment manufacturer will want to have at least a sizeable down payment on the overall cost. Ark88 mentioned 200 million and that would mean the 50 Million could be a 25 % down payment.
That's why i brought the longwall up, but maybe the money is needed elsewhere in the overall need of things to get this mine into a fully operational mine.
We will all find out soon enough. I am sure there will be further announcements, give it some more time.
I will continue to be patient
GLTA and best wishes for Christmas & the New Year