GREY:GPLDF - Post by User
Comment by
Heywood_Silverson Nov 19, 2024 6:47pm
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Post# 36320694
RE:Mina Tucano to restart production in Q4’24
RE:Mina Tucano to restart production in Q4’24Assuming GPL was worth close to zero at the time it was liquidated (not likely) you probably don't have that great a chance of being any more productive than the fools at GPL were.
If the gold mine is worth something (likely so) the current owners should've done the former shareholders of GPL right by at least offering them a token amount in a buyout so the former shareholders of GPL would at least have a small amount of skin in the game.
Too many shenanigans associated with the mine from the former owners to the current owners, it could be cursed. Hope you didn't invest too much risk capital in this latest gambit / iteration of the Tucano mine.
The lesson I learned from GPL is that you should avoid single asset producers as there is way too much risk involved with them. Take a look at what recently happened with Victoria Gold up in the Yukon if you need any validation on that point!!