TSXV:TVC.H - Post by User
Post by
Snakebite18on Apr 10, 2022 12:22pm
201 Views
Post# 34591819
My take
My takeMy take on the whole situation is that all parties involved have come up with a resolution, which was confirmed by restarting the mine. Pretty sure all involved would have to have been involved in the decision making. Don't see how they could make that call on there own, especially defaulting on payments. Most likely just legal jive now. Also the deferral of shares shows me that the directors also think this is worth fixing by taking shares instead of pay checks ( putting some skin in the game). They wouldn't be doing this if there was no hope in heck of a outcome, they would have just got payed and ran. That's exactly how dsu and rsu shares work. Give up now for bigger payout later or what's the point having shares at all if there's no company around later to cash those in. The restart was most likely some kind of open ended agreement to get the ball rolling sooner rather than later, due to high copper prices and to start repaying as soon as possible while the lawyers finish up. If this all goes belly up, no one wins, which then opens up a whole new can of worms. Depend on what was agreed upon in the first go around, could even hold the directors responsible. Pretty sure no one wants that. No one wins then. I think the only question not answer, is going to be how us common folk are going to make out. Fingers crossed.