GREY:NMKEF - Post by User
Comment by
CanadaCoinon Feb 13, 2019 9:41am
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Post# 29357305
RE:RE:My condolences guys....
RE:RE:My condolences guys...."...with the financing package of 1.2 B ,the project was supposedly derisked" It was. But just with respect to raising the necessary funds for the estimated capital costs. But there is still major risk left in the building out and commissioning of said mine.
But I do understand what you are saying.......the FS was obviously not properly prepared and estimated.
Unfortunatly, this is far from over. Those who experienced the Canada Lithium build out/commissioning know what I am talking about.
Tcheck wrote:
with the financing package of 1.2 B ,the project was supposedly derisked .thats why investors sticked with this company despite the big dilutionof shares . the headache of financing was behind us .so we had financed where others had not .we were the best aheas of the pack . .everything on time and on budget they pretended .
now everything what is left is on time IF we fork out more money .these are broken promises or downright lies .that some people have knowledge of the matter beforehand seems also totally unfair .
in fact the mine is far from being financed .350 M is nothing to sneeze at .with this shareprice they won t be able to pull a quick one like last time .this never comes good no matter what.
it is a disaster .they will buy us out for pennies .this is the likely outcome when you deal with incompetent or dishonest ?fools.