TSXV:MXL.H - Post by User
Comment by
miningmanon Dec 02, 2016 7:11pm
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Post# 25549382
RE:it will produce till 2020
RE:it will produce till 2020 Well , no actually they dont have to tell us anything at all. There are no regulatory requirements for regular press releases / updates whatsoever. The need for such releases fall into the "stock promotion category" only. What they DO have to do is file quarterly financials , and as Gumbee has posted , they are now delinquent here. This can and often does lead to suspension of all trading. Theres only two reasons I am aware of for failing to file the financials. One is incompetancy at the CFO level and the other is a desire to hide some ugly truths that are within the financials. Take your pick as to what might be the case here.
Perhaps Mr Macpherson has pointed out to senior management some of the probable overoptimism from mid 2015. Perhaps it will take more than six months just to do the necessary pre development at Willa. Perhaps the financial kitty is no where near big enough to meet these expenses.