TSXV:HRE.H - Post by User
Comment by
TrickyGameon Dec 08, 2020 6:45pm
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Post# 32063765
RE:RE:RE:RE:RE:RE:RE:Trading on the Canadian Exchange to Resume Soon
RE:RE:RE:RE:RE:RE:RE:Trading on the Canadian Exchange to Resume SoonjonathanRdeC wrote: Yes exactly ! I have had an exchange with Boris a while back about the lithium project and he told me that they have not been given any news from ARMZ and that he could not tell me where stan stood regarding that project. He wasn't upbeat at all about it and I understood that it was going nowhere.
As for the gold project, I have tried contacting them in the past couple weeks to no avail. I have not gotten an opportunit to talk to anyone and email are not returned. It's usually not a good sign when weeks go by without an answer....
One of the question I asked when I exchanged with Boris was how would they go about financing any project with stan having no money and debts. He answered that for good project, you can always find money. As i understand is answer, and from a couple of investments in juniors, it's a really costly procedure to get a mine online so with 0 cash....it's going to be a really hard hard hard game to get to all the hoop required to map all the ressources, the feasibility study and so on.
I could be wrong but since the intial negoiations with ARMZ the JV is 50/50. ONce and if whatever roadblocks are removed and the JV is finalized and Stans would be allowed to do it couldn't we sell 5-25% of our stake in the JV to raise cash? Companies do that all the time