GREY:VITFF - Post by User
Post by
HuskySWon Jul 18, 2024 10:30pm
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Post# 36139473
Invesments houses, banks, financers drive VG to ground
Invesments houses, banks, financers drive VG to groundJust some humble thoughts means nothing. IMO only. Just think Invesment houses, banks, financers drive this to ground (and they can). If anyones thinks that anyone cares about retail inv. losses think again. They don't.
In the meantime YTG takes over (means hiring clean up co's) and spends the 100m of VG env. bond they hold what not.
Mines now clean and the only thing missing is the HLP replacement "it's the real bad actor" in this saga. Replace the HLP doesn't matter how or with what.
This a small 650m mine (sorry it's not BIG). 150m of that was used for consultants, engineers, gov fees and so forth. But was profitable recently at current gold price. And entire mine was tlike what 500m. The current retail investors are either gone or hanging onto well almost nothing.
So traders drive it to .05$ pick your point or 0. Why because they smell a stink brewing. In the meatimes investment bankers are playing the other side go to other high rollers say hey we need 250m$ or whatever to fix a GOLD min, it's near the KLONDIKE. It's great thing it's built and it just been ripped for a song.
By then MGMT has skipped (why not they had a good run), now it's in YTG/trustee hands and they're looking for a buyers(s). Get the new money pay off creditors etc trustee finds new mgmt, makes mine operational (it's doable) (maybe get a new agreement with first nations). Promise lot of $$$ to gov coffers.
New stock issued stock goes crazy up (traders make "heaps" of cash, traders are high fiving each other drinkin bottles of DOM while sea bathing (GREED)) ont he GREAT pplay and now the game goes on. In the meantime retails been well 0'd. LOL
One liner
Drive this mine into the ground by any method, while remediating using the monies YTG holds.
Ppl have said no one will give the trustees money or pay for the mine, if the mgmt is gone and it's cleaned I bet they will, why not! YTG and the trustees will be scouring the bushes for them.
But first it has to be driven into the ground. Will it got ground quite possibly. This mine is tainted phyically and tainted by ppl now stating mgmt didn't take care of it's obligations.
All in all the mining game in the Yukon( and other places) is "Larger then LIfe".
it might not be today or next year or in 10 years but in the meantime it sits with the YTG and waits for the next play. LOL
Just sayin.