RE:RE:RE:RE:RE:Ggi
Wow. I am truly amazed by some investors, investing their hard earned money with so little knowledge. Either they are not doing their research or they are clearly incapable of understanding financial reports or news releases ect. Imperial Metals is broke. Real real bad. 900 million in debt. Surviving on bridge financing and missing scheduled repayments requiring extensions. The cost of servicing debt exceeds 50 million a year. They have closed a mine after they purchased the other 50% of it to own it outright ( Huckleberry) . They have put forth a plan at their Mount Polley mine to cease mining ore in their pit and run low grade stockpiles (like what they did at Huckleberry prior to shutting it down) because they cannot financially continue to mine there. They have sold their Sterling property for next to nothing. For a company with the slogan "Discover, Develop, Operate "..... Seems misplaced. Read the financial reports. Its all there in black and white. They couldn't buy a vegetable garden right now. Certainly not another mineral claim. Especially one as promising as Engolds discovery. As I have stated, this is a long turn around. Some skinny times ahead folks.