TSXV:CAV.H - Post by User
Post by
mining.insighton May 14, 2012 6:45pm
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Post# 19908015
Baja Mining will see large gains
Baja Mining will see large gains Fellow investors, I personally appreciate and respect the work Mr. Greenslade did to get Baja project to this stage in the lifecycle. It’s easy to find fault in individual’s actions, but that is looking in the past---we now need to focus on the future. The new board seems very qualified and I’m sure they will perform in the best interest of all shareholders.
In my view, the board will secure financing soon, if you recall, Mr. Greenslade team secured very favorable rates in the original debt financing, partially due to the quality of assets in the ground. The large shareholders (including the debt providers) desire as much as use to see the mine completed and delivering a profit—also if you recall, BAJ has a very short payback period of the original debt, therefore, most large financial institutions will not shy away from this relatively safe loan. I hope that the additional financing will also be enough to bring MN into production (that was a primary driver by the S.K. partners).
Recommend hold on…add more if you can.