GREY:MHGPF - Post by User
Comment by
newGuy01on Oct 23, 2013 10:41am
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Post# 21840701
RE:RE:RE:RE:RE:RE:RE:LOL I wish
RE:RE:RE:RE:RE:RE:RE:LOL I wish
I expect zero leniency from the Guyanese government on payment extension. After all these guys aren't dumb and what favors do they owe us? Ask yourself why they'd sit around and wait for payment on a property from a company that has no money when they can repeat the auction process all over again and attract a company with money to pay them... as was originally negotiated in the contract we signed.
These looming payments are the only reason I'm bearish on MGD. Time can cure all wounds (share structure, financing, managements past indiscretions), but time is not something we have when we don't "own" our flagship property and money needs to be paid in order to keep it in our possession.