Post by
JoeStockIQ on Aug 28, 2024 12:43pm
Lest We Forget
The UG has significant, ongoing issues that have yet to be officially solved. Winning bidder obviously has to deal with that entire mess! Further, the vultures circling above are all looking for a steal. Add in all of the necessary costs needed to get this mine back on its feet and you can easily see how the common shareholders get next to nothing. Sorry, thems the facts.
Comment by
patchh on Aug 28, 2024 2:04pm
JQS - the issues are not significant - there hav been no accidents out there. the issues are simply managed oor Nev Mines will hav the mine on conditional waivers & we will know about it. the issues are energy. so much soo that the mine has been leasing Solar Lamp Stations for Nite operaions. expensive but less that a hard line burning 650KW per unit