Gold Price and Solvency
I do not follow G but my understanding is they are stretched and are trying to get their finances back in line. Their strategy may change very quickly but unlikely before our loan expires in June. My guess is that TMM is crunching the numbers and checking to see how much interest there is for a private placement to at least pay off their Sprott loan. My guess is that if and when the price of gold goes above $1300 the market will price in the likelihood of San Francisco to keep running profitably indefinitely and therefore giving the share price a pop. That would make the private placement less dilutive. Bob