TSXV:AZC.P - Post by User
Post by
hongmondon Feb 12, 2014 8:31am
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Post# 22198960
WHO WOULD HAVE GUESSED ?
WHO WOULD HAVE GUESSED ?AUGUSTA HAS PULLED ANOTHER RABBIT OUT OF THE HAT . NOT LONG AGO THEY SOLD A COLUMBIAN GOLD PROPERTY TO A BRAZILIAN FOR MORE THAN $I BILLION . THE BRAZILIAN HAS SINCE DECLARED BANKRUPTCY . AUGUSTA IS FACING MAJOR LEGAL CHALLENGES AS THE PERMITTING PROCESS DRAWS TO A CLOSE WHICH HUDBAY WILL ACQUIRE " FREE OF CHARGE " AND WHICH COULD DRAG ON FOR A LONG TIME IN THE COURTS . . AUGUSTA'S ELITE INCLUDING BEATY MUST BE ECSTATIC AS THEY WALLOW IN SHARE VALUE AND NUMEROUS TRIPS TO THE BANK TO DEPOSIT THEIR GENERATED WEALTH . THE ROSEMONT PROSPECT IS NOT A PORPHRY DEPOSIT AS HAS BEEN REPORTED BY SOME . IT IS A LINEAR SKARN DEPOSIT WITH APPARENTLY STRONG ZONING . THIS MAY PROVE TO BE A MAJOR CHALLENGE FOR HUDBAY .AUGUSTA IS " FLIPPING " THE ROSEMONT PROPERTY IN A TIMELY MANNER AND BEFORE THE CREDITORS COME KNOCKING AT THEIR DOOR . IN OTHER WORDS " IT IS TIME TO GET OUT OF TOWN ".