GREY:RDEMF - Post by User
Comment by
wiseyoungmanon Jun 30, 2017 3:06pm
150 Views
Post# 26425388
RE:RE:RE:Does not look to great for the rights offering
RE:RE:RE:Does not look to great for the rights offeringKO,
You make a great case for the fact the mine will ultimately survive. No doubt about that. This Company also has a social license and permit which are valuable. However, many on here do not seem to understand, or want to, the facts I laid out before. Who will be the long term owners of this operation? Existing shareholders or those that emerge after bankruptcy? That would be the LOC debt holders. That is the way a Plan of Arrangement works. AKA Chapter 11.
I also disagree with the fact that anything is guaranteed. It is not. Is management being 100% honest with the extent of the issues facing this operation? WHo knows.
The "market" typically gets it right. If the outcome was so rosy, the stock would have trended towards $0.35 which it has not. Also the warrants will add $130M plus shares if and when this gets back to $0.50. Also note, with added shares of the RO, getting back to $0.50, is the same as getting back to $0.75 before the RO. A long time coming. I am a former who will wait until this mess is cleaned up. I would rather miss the bottom and catch this on the way up. I know a lot about this COmpany being a LONG since late 2015 until last Monday, and stay around since I want to use my knowledge of what has happened here. Just saying for those wondering why I care anymore.
GLTA