GREY:GDPEF - Post by User
Post by
Jherekon Jul 09, 2019 2:35pm
106 Views
Post# 29900345
So strange how it all worked out
So strange how it all worked outInteresting how things played out.
1. RCG close to production does round of financing to get things running
2. Sprott comes in and finances the project and brings in Greg Gibson
3. Despite the project being so close to production news delivery on the project that was done at least monthly stops abruptly
4. Update finally comes, instead of mining gold they use up all their new money buying properties
5. CEO (George) gets kicked out of project
6. Lack of news on gold mining progress
7. Reneged on Concordian project that would give more value for shareholders to put more money into project
8. Still not mining despite cash influx and new properties for some reason
9. Greg Gibson resigns
10. RCG defaults because no money is being made
11. Sprott gets the project for basically nothing
So strange that the project failed when there was ample opportunities to make it work. To me it almost seems like the project was set up to fail when it was taken over so Sprott would end up getting the properties.