RE:RE:RE:Read between the linesLet's be perfectly clear. The largest shareholders are looking after their own interests.
I also believe the mine can be restarted.
I am not sure how the $8 million will be repaid, do you?
If it can't be repaid shareholders will lose their investments since the loan is secured against the assets of the company.
If the share price rises the loan will be converted to stock and existing shareholders will be massively diluted.
To build the mine the company will need to bridge the loan with some additional financing - where is that coming from? How will the company continue to keep the lights on between next November (assuming they can repay the loan) until the mine is built which is looking further and further into the future. The money is going towards drilling and the 43-101 report all of which requires time to do.
Relatively low number of shares and likely paying a nice cash dividend ...hardly
So what do you see that I don't?