RE:RE:RE:RE:reality is: market sees through all of this !!!jimrockford wrote: PacOcdying, a few points (and yep, I'm not surprised you didn't admit your lies re the Garland):
1. They have $1.9 million in till.
2. They can ramp up the Brazil production fast in order to pay for a boatload of more drilling in Brazil, Nfld - and wherever the heck they want.
3. The Brazil asset is in production - and in closed doors, they certainly can make pro funders see how production quite quickly...This means they can get some form of debt financing.
4. Production means they will be able to do share buy-backs...And yep, the EQT guys want this.
5. How can you talk about no increase in shareholder value and say nothing...NOTHING...about the Brazil assets, the mining licenses - and the production?
PacOcdying is truly ignorant...
Jim
Your point #1 - $1.9 million in the till?
No they don't! I'd be very surprised if they still had $1.4 million working capital......bills need to be paid you know! Perhaps barely enough to cover the US$1.0 million acquisition payment
Your point #2 - ramp up production?
They do not have a scoping study! They do not have a preliminary economic assessemnt! They do not have a preliminary feasibility study! Are you familiar with these necessary financing requirements??
Your point #3 - funding on current produciton?
You first need to grasp the fact they whatever production they have, only began 6 months ago, and it is being referred to as "modest", and not worthy of further mention apparantly.
Your point #4 - share buyback?
You are a dreamer!! :)