RE:RE:RE:MM's discussion on the VGP with Global Business Reports...givemeabreak1 wrote: Price of materials have all been falling and if in fact we are going into recession they will fall more. So smart move might have been to be patient and drill the sht out of it and bring the resource to 8-10 million while you wait. The other problem is they did a financing with the SP at rockbotten and paid through the nose for the debt portion. Tough to say but the debt portion was damn near loan sharking. I could have negotiating a much better deal while being drunk and after smoking a bowl. Just one mans opinion!
Management, too pre-occupied with preserving their jobs, getting greased into this cannacord deal and way too eager to fulfill their mine building aspirations. i will be quite suprised if they did not nail the low point.
tC