GREY:MHGPF - Post by User
Comment by
newGuy01on Nov 13, 2013 11:32am
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Post# 21901599
RE:RE:RE:Sandspring Resources completes streaming [Guyana project]
RE:RE:RE:Sandspring Resources completes streaming [Guyana project]
Agreed. The economics of the project aren't in dispute, if indeed our AICC per ounce are ~600. I guess this goes back to the days when we may have had deals infront of us and we didn't take them because they thought the stock might rally and hence reduce the dilution on the back of a cash raise. No matter what a few rounds of financing are going to be required to take Omai, Tiger and White Creek into productuion. Its just so confusing how previous mgmt didn't use the offers on the table to just bite the bullet, do a 43-101 and then do a raise on the back of BFS or something once the shares rallied.
Hindsight is 20/20 some say, then again when youre as incompetent as Al and the gang im not sure hindsight would have made much of a difference.
Fingers still crossed that something comes in here, or Andrei has someone with deep pockets prepared to setup up and cover some of these near term expenses.