RE:RE:RE:RE:RE:not so good news...Thank goodness that Treetop is not a mindless drone like the rest of the Galane Galoots in here.
The company has said all its cashflow problems would be solved by Agnes (i.e. Galaxy) and now its cancelled. The money has been spent and there will be zero return (in fact care and maintainance costs). This is a technical problem (i.e. the mine doesn't work) so any imporvement in gold price is irrelevant. Capisce?
This means that there is an almighty cashflow problem coming down the pike. Default to Samsung? Default to Botswanan government? Default to Galaxy debt holders? Default to all of the above? Most likely.
There are not even lifeboats for First Class on this Titanic. My only consolation is that management are filled to the gills with stock and will lose it all.