EXPM:HRTFF - Post by User
Comment by
propertyscanadaon Jun 18, 2019 3:14pm
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Post# 29837104
RE:Any of you guys particpating in the new placement?
RE:Any of you guys particpating in the new placement?
I do believe this could be true.We refinanced for $82million but $70million spoken for so that's not much left for operating costs let alone exploration. I can see another financing in the short term coming so unfortunately we may see more dilution. Ive participated in 3 PP'S but due to the lack of transparency im reluctant this time.Management needs to do much more reporting than what weve seen. I can also confirm costs are quite higher than we anticipated and recovery as far less than anticpated. I say as it was mentioned before,dump Stoughton and pick up something closer,high grade that if our assumptions are correct we could be mining 2 orebodies within the next 2 years.......We need to put the bug in SR'S ear. I think we are in for a long summer at a low price if we don't have some better news,reporting soon.