GREY:NEVDQ - Post by User
Comment by
nofluffon Jun 21, 2024 9:54am
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Post# 36099722
RE:RE:Shares Halted for Another 30 days
RE:RE:Shares Halted for Another 30 daysInteresting thoughts kw. I believe the mine is very feasible. Otherwise they would not have kept the workforce on. They have said, during restructure, there may b some positions uneeded and so some layoffs could happen.
The q is. If mill and mine are shut, what are all the employees doing?
A few could b helping with UG crusher commissioning. Others with the backfill pipe build.
The document said the 20 million has been advanced for use during the restructure. Once sale is complete, there will be fees alright. All told. 40 million. 20 million extra, in case.
So, if the dip loan is used to pay bills, it is a trade off. If the infrastructer or restructure gets done and milling and mining restarts, value will b added.
If copper makes the big jump, more value.
I think we are about 90 days from bid close. That is a long time for an auction.
I am thinking and hoping that it starts at 0.50 cad. or more.
Elliot will have some healthy fees for administering court orders.
The broker overseeing the sale will command millions. There were no challenges to the court orders.
So things seam quite friendly.
Nf