GREY:MWSWF - Post by User
Comment by
LithiumDiggeron May 04, 2016 12:12pm
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Post# 24840866
RE:Question
RE:QuestionIf the vote goes in favor, Galena planes to take the company private. Which will give them 95% of the company.
They may buy the remaning shares.
If the vote goes against there is a good chance they won't find money to fund the work needed to put the mine in care ... thus going bk. Unless there is a takeover by another company.
The last scenario those not seem likely, since copper is still low.
If it goes bk, it may get delisted or trade on the OTC on the pink or grey market.
Silver and copper is on the rise. Gelena sees this mine has a longterm investment for their shareholders.
To me it's a fairly safe gamble.