ask?Ask management if they can spend the $3 million from Pointe Rousse, or if it has to be put toward the credit facility.
DoumdiDoum,
Eric Sprott is invested in MAE now.
He is by far the largest shareholder of New Found Gold. They are now involved with Maritime, and so by default he is as well.
I don't suspect that he micromanages every few million they spend, but you can be sure that his management ran it by him or his senior management before the transaction occurred.
I'm still concerned about Maritime fundraising. The monies they have spoken of cover the cost of Pointe Rousse. But they are still almost penniless when it comes to running the company forward.
We should see tomorrow how the fund raising went.