GWA Group Ltd V.GWA

RE:RE:RE:very very sad...

[Toweringmars]

Like I mentioned, theres 0 reason for FF to step in and pony up 25 million to POTENTIALLY save 10mil. As soon as their ownership is over 50.01% they control the company and these 'investors' aren't miners, they essentially just wanted to get their money out of the reach of the Chinese government. (If you remember in that Jersey metals conference the host of the fund kept bringing that up to the IR guy who had to step in for Greg R.) He blew it off as a joke but all kidding aside I wouldn't doubt that's the case. Further to that one doesn't throw good money after bad money. For example, are you guys buying more shares at these prices to average down? (if you are you have bloody nerves of steel). And there is a problem with our deposit. Its refractory and micron gold to boot. Not many majors want to deal with that sort of thing as it would have to be run in separate mills than what they already have established and recovery rates aren't generally as good. Pandion wants that much because its an early termination fee. Like I mentioned the number they came up with is WAY to specific to be picking a random number out of a hat. There must have been some sort of clause that 'in the event' of an early termination fee or default, its X fee times however many days, and so on. And as Secured Creditors, they'll likely win this. OR per section 244 of the BIA take all the assets, equipment, product and so on.