RE:RE:RE:RE:There are 2 possible companiesThe NR stated that the appeal to restart the mine was denied and now the longer term legal battle begins. Shareholders hoping for a 3 month pause at the mine now is pushed out another 7-12 months to find out the next milestone. This now has the potential to drag on.
This result will now eat into cash reserves as the cap ex to upgrade Timmins and Shahuindo mines exceed 1300 ASIC for the next 12 months. Plus rumoured blockades at La Arena + unwavering blockades getting to Escobol + long list of class action Lawsuits are magnifying the negative sediment on the company.
The current stock price is justified IMO but a market cap of under 1B as some suggest is just silly talk at this stage.