Post by
LeftBook on Apr 29, 2019 11:02am
amount of debt owning
Leigh, can you ask Jack how much debt is owning ?
In an earlier post I recall that you wrote that it was around $6M - $8M.
What is the structure of the other liabilities ?
Sprott Credit Facility
Amounts owning to insiders: Lewis, Cartmel, Young etc
Others
Can the liabilites be converted to shares at this stage ?
Might be an opportunity in a favourable merger, buyout or investment.
And at what price ?
Comment by
LOCKDOWN on Apr 29, 2019 12:15pm
The whisper is that the Aussies have the narrow vein saddle expertise and capital to go and they know whats there for gold.
Comment by
LeftBook on Apr 29, 2019 12:58pm
Anaconda has narrow vien as well. https://www.anacondamining.com/narrow-vein-mining
Comment by
LeftBook on Apr 29, 2019 1:06pm
I wonder if any of the bidders will end up combining efforts eg 1) a merger perhaps with ANX 2) third party investors to handle existing debt 3) tax credits eventually get worked out