RE:RE:RE:Surprise surpriseLeMarcus wrote: These terms did change last year... So, no reason to expect anything on the 28th.
But that is still an indication of a deal approaching.
But this is a classic! They give you money, and then, do an offer to shareholders that push them into default if refused... then... it's their company after a no vote, going into Chap 11, they have a guaranteed loan.
This will look as Galena deal with MWE. Only thing is, fertilizer should be better in recovery that copper was.
Still some hope for people with low average... but it will be some heavy dilution...
GLTA, i'll be monitoring Justice brazil starting end of next week, as i expect some case results mid-March!
notacasino wrote:
No surprise. These weekly extensions have been happening since mid-December. My big concern is regarding the status of the bridge loan that was supposed to mature on Feb. 28 (as per the Oct. 30 news release). "The parties have also agreed to extend the maturity date of the bridge loan which the investment fund had given the Company, from October 30, 2015 to the earlier of: (i) February 28, 2016; (ii) the closing of the recapitalization transaction which is being negotiated with the investor; or (iii) the termination of the letter of intent." I really wish that these incompetent buffoons who are paid hundreds of thousand of dollars per year would get their Shiite together. At the very least, provide some type of guidance regarding the status of the lawsuits, the re-starting of the plant, etc. Absolutely shameful.
LeMarcus thank you for your insights and thoughts. I hope your wrong but sadly I believe your right. Which outside of bankruptcy would be the second worst alternative.
You better be careful however, Old_Dog will be all over you with this post - he of course believes management is hiding in some room negotiating as he put it 'close to book value' (which is dropping like a stone)
Unfortunately this is what happens when you have dishounarouble management/BOD.