TSXV:AUN.H - Post by User
Post by
Banman17on Oct 16, 2015 7:25pm
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Post# 24200283
re Glover
re GloverThe only reason Glover is staying on is because Orion is not a mine operator. Now that they own La Negra, they need someone to operate it and extract all the wealth they claimed on the loan the made to Aun in terms of the property at La Negra. I'm sure they are paying Glover a lot to stay on, cause without him, they would not be able to extract the silver at such a low cost. The big problem is where do they get any financing to start up Shafter? Borrow again - and then they'll take Shafter from under the shareholder's noses again! It's just like the bankers did during the great depression: lend out tons of money for people to speculate in the market, then crash it, call the loan and steal the assets for pennies on the dollar. All lending companies get rich that way, taking no risk. No they own the no-counter party-risk asset, ie, silver, once they get it out of the ground. Enough ranting for one night - I'm pissed.