RE:Financial Engineering vs Mining Engineering yhzsailor wrote: Granted ive only given this a once over but IMHO this is financial engineering focused on keeping both the projects from going bankrupt, and saving both sets of shareholders from a loss.
I don't see anything in the press release about how this actually moves either project further ahead in practical terms: AKA actual mining engineering which means an actual operating company.
So shareholders of both companies have a life raft, until they get approvals for one or both projects to move forward, and someone decides they actually want to do the business of running a mine instead of running a balance sheet.
Frankly I've held shares and expanded my holdings for 14 years. In that time I built and sold a company, started a second project and made more money than I have with OX/SGNL. Frankly eith the resiurce we have in Goldboro it should have been the other way around. I'll now hold on to the merged company mostly because I know what assets they have in the ground, not because I think they have any operational ability to actually build a mine or build an actual company that isn’t just engineered by and for financiers.
It's taking too long, and we as shareholders should expect a return on holding our shares, not just a life raft.
"life raft", that's what happens when you have bad Management who their 1st prioirty is their own pockets!!... OX had Jacques Levesque and other, ANX/SGNL had Kevin Bullock and others........