RE:Financial Engineering vs Mining Engineering Hello Sailor,
I am invested for about more then 18 years now in Anaconda Mining.
We had the peak in SP in 2021 with 1,07 C$.
The story was to buld up the Gold producing Goldboro mine with the money from our producing mill.
Then unfortunately they sold the mill an the share price declined to 0,08 C$ this year.
The fear was of losing all.
The money would run out till the end of this year and maybe Nebari would take Goldboro for nothing or the 20M debt. Our shares would have been lost then.
Now we have more then 4,8M+ ounces of Gold in the ground.
Some people here would say it is more then 10M+ ounces in the ground.
We have a ATH in Gold with more then 2,600 US$.
We have Erci Sprott with 10% shares and Frank Giustra witth 10% shares holding.
This is 80% and this makes me believing that they will bring it to production within the next 2 years.
These guys know how to play the cards.
So there is Gold in the ground for billions of dollars and so I will take part in the financing and buy new shares with the merger.
IMHO