TSXV:EPO.H - Post by User
Comment by
Trisha123on Jan 17, 2024 5:31pm
155 Views
Post# 35832350
RE:RE:RE:Hello. MFN here.
RE:RE:RE:Hello. MFN here. Wouldn't say it's a complete loss. I do know ENCANTO and MFN leaders do want this joint venture to succeed I just don't think they realized everything they have to go through just to break ground also poor financial decisions have caused a hold up. If our leaders are able to pay the loans off and free up the land I could see them braking ground within 5-10 years but that's only if they paid those loans off within the next 3 years. It takes a few years to transfer TLE land to actual reserve land its a huge process and has to be approved by the crown. We all know it was a gamble and it will continue to be a gamble. Honestly I would buy shares in this but not for a couple years because I know nothing will happen until those loans are paid. Perhaps they are working on getting everything else in place who knows and I'm sorry to say but our leaders are just as quite if not more then ENCANTO on this.
I will try to ask questions in our upcoming general meeting this spring. I will post and keep everyone informed as much as I can.