TSXV:RZL.H - Post by User
Post by
Maupition Jul 17, 2015 1:55pm
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Post# 23935044
What a management
What a managementWe are waiting such a long time for good news. I hope for the best and expect the worst.
This is new at the home page of Cadan:
Updated July 2015
""The Company was significantly impacted by the global shortage of funds available for developmental projects, and, although the Company has been able to access limited funds, and recently has received support from two new strategic investors, to date, it has not been able to develop the project to a self-sustaining level. The Company is continuing to work with its new investors and is optimistic that it will access the required funding to achieve self-sustaining operations within 2015-2016. There was considerable activity in May and June 2015 to restructure the operation and finalise the plan to move forward resulting in the current work plan preparing to return to operation to production. Our schedule for the development of the mine is to be in full production in the middle of 2016.""
In my view, the bad work of the"new management" over the last 2 years is the reason for the situation of the company and not the global shortage of funds, available for developmental projects. Other companies, with poorer resource estimates and with less well advanced processing plant, are able to get money for their project.