RE:RE:RE:RE:How to Raise Equity Capital without Diluting Shareholders
DoumDiDoum wrote: GrumpyInvestor wrote: Wow DoumDiDoum,
You went through a lot of effort to explain to nozzpack why his suggestion doesn't make any sense. You have a lot more patience than I do, because I don't feel he is interested in having a genuine rational discussion.
Well you know me Grumpy... I'm open to discussions and willing to "debate" ideas. I think that dicussing/debating ideas is always constructive and at the end, we have a better outcome. Nozzpack made some effort and did some research so I think that it deserves some time.
Yes, I realize he does a lot of research and digging in order to find outdated information and presenting it as if it was still relevant. His efforts would be better spent in trying to understand that SGNL's value is linked to Goldboro, and the steps to get it into production.
Management has stopped production in NFLD because they don't feel that transitionning to a new pit could generate positive cash flows. Of course, things could change if gold shoots up over 2500 US$, but for now, the reasonnable plan is to go to care and maintenance. And thinking of spinning out those assets as a dividend to "long suffering" shareholders (how many weeks has nozzpack suffered?) is simply ridiculous.