Post by
damianchosenone on Jul 08, 2019 8:25pm
Sprott lending and sprott own to loan
Remember Gibson has a history of screwing shareholders and taking over mines that he bankrupts. He called it one of his top three projects! Hired his sons who appareny were useless ( heard this from a former superintendant. That super intendant told me Gibson leased faulty equipment from sunbury that needed repairs and it cost a fortune.then the a4ole quits when he destroys the company.. also gets taken off payroll. I spoke to someone connected that told me a group offered to pay off cra, pay down sprott lending to 5.5 million and then pay them with cash flow, pay off part of unsecured creditor bid and invest 7 million into moving forward with properties. PwC told them that they need to pay off more of sprott debt and not unsecured creditors or property. sprott lending was basically in it for loan to own. I assume eric and Gibson worked this out to own 100 percent and screw us. I have compiled a lot of events that have happened that are suspect and speaking with a few about it.
Comment by
specky on Jul 08, 2019 9:30pm
I have heard similar to this. Gibson can not use ignorance given his experience. Incompetence, bad luck, are not the reasons for this failure. Why would Sprott rather take the property than the offer you mentioned?? Because they wanted it all along? Interesting to see what an honest judge would say about all this ,including the 2 million dollar offer that was previously rejected
Comment by
LeftBook on Jul 12, 2019 10:56am
The $7,000,000 credit facility was established mid-way through the bulk sampling program in Dec 2017. Warrants were issued at 12.5c or $21.9M The Development Property was carried on the balance sheet at 20,612,468 Bulk sampling was started June 2017