NYSEAM:ANV - Post by User
Post by
BREAKtheCOMEXon Jul 03, 2014 8:31pm
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Post# 22714941
Bogus Lawsuit against ANV
Bogus Lawsuit against ANVThe law suits against ANV are completely without justification. These lawyers are sucking in the unfortunate shareholders who have lost dearly on the news of the mill being put on hold. I hope these lawyers are not charging for their services because these shareholders have lost enough already. The lawsuits were likely a tool used by the shorters to maximize their profits. We shareholders can make the shorters pay by not selling our shares back to them when they need to cover. Let's make them pay BIG!!!
ANV did not go down in price because of problems with the heap leach pads. The fact that gold dropped in price to a level where building the mill was no longer possible without significant dilution or further financing was the main culprit for the drop in price. If gold flatlines at $1250 for the next 6 years then ANV will barely make enough profit to pay off its $400 million loan. Then the mill will shut down if they can't find profitable ore. Without the mill ANV is dead in the water. It must be built. The decision to delay construction due to low gold prices was the only reason the share price dropped so dramatically.