OTCQX:NTGSF - Post by User
Comment by
easycoderon May 16, 2020 8:56am
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Post# 31037509
RE:RE:RE:RE:The Meat Is On The Table.
RE:RE:RE:RE:The Meat Is On The Table.Wreckles, yeah can't take much more dilution. I'm lightening up a bit and buying stories where I trust the management more. I'm still going to own 300K shares. The biggest problem here are the hurdles - like what will the feasibility study show and whether it will be great enough to ebbolden some deep pockets to lend the Sheriffs $35m US. It won't be Red Kite again for sure after the last time Sheriff borrowed $30m and ended in default.. Sprott? From his last announcement, seized on by some as a ringing endorsement, didn't seem too eager to put more money into their hands.
Then if they get the $35m loan, there's all the angst watching them try to execute. And it will be a while before they pour any gold from BC.. they might get some dregs from 3 Aces. just a few million though.. they as usual were changing their story there about what was still theirs and at what grade.