RE:News out. Cash is flowing for silver The effect this announcement has had on FT share price is decidedly underwhelming. In essence, they own the mine that alone should value the stock somewhere in the $0.60 area giving zero value to Nico and Arctos. They would not have received a penny if Lascaux was not going to fund the silver mine purchase, which should be finalized in the near future. At least this bridge loan will allow them to get that ventilator shaft started in Colorado which is a required upgrade for the mine.
Looks like the long suffering shareholders will continue to suffer for a while longer. The investing community seems to not care about RSM, hopefully Nico will get financed this year.