Opportunity for AMC? hrattle - as new CEO of this sinking ship, I wanted to ask about your plans going forward?
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I see that the Russian overlords of the Lamaque Mine [which is directly adjacent to Lac Herbin] have been unable to make a profit in 2.5 years and as such have defaulted on their loan and lost control of their mine. Now the Bank, Deutsche Bank, owns the Mine. (1) Now I doubt the bank wants to run the Mine so it will be up for sale!
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So this looks like the kind of exciting opportunity that AMC/QMX would love to get involved in - an old mine with left over scraps, hard to control grade on narrow veins, poorly defined geology, a need to a huge amount of CapEX and run into the ground with bad management.
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So how soon do you think you will be making an offer for the Lamaque Property and touting the "consolidation" of an important historic mining district?
1. https://phx.corporate-ir.net/phoenix.zhtml?c=242510&p=irol-newsArticle_print&ID=1700013&highlight=