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American Bonanza Gold Corp ABGFF



GREY:ABGFF - Post by User

Comment by bizwizon Jun 15, 2012 3:29pm
250 Views
Post# 20019285

RE: RE: Bizwiz, these chumps skated too long

RE: RE: Bizwiz, these chumps skated too long

Well, there is a news release making us grasp that things are advancing past planning stage with full production around the corner. There ios also mention of a gold loan.Mind you a gold loan at 12% interest is better for shareholder equity than converting warrents at  45 cents (which , if I'm not mistaken, won't happen before expiration in july. Thus, beware those that would dare risk investing in such warents). Gone is the shareholder dilution for the extra millions which would have went towards the same use as the gold loan (that's what the news indicates ! ) . Since I tend to be naive if not somewhat dumb (the name bizwiz is in reference to the cheezy stuff ) I may have a distorted perception of current corporate developments. Although , by my view of things, I tend to be optimistic. Getting a gold mine up and running under sort notice is no easy task.As is production wil gradually attain the levels to associate with full operation. It is just a question of time.

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