Post by
Wangotango67 on Sep 29, 2014 9:54pm
WITH ALL THIS DEBT INCURRED....
HOW LONG WILL IT BE BEFORE THIS STOCK RISES? THAT'S A LOT OF DEBT TO PAY OFF WITH CREDITORS... ITS HARD TO SEE THIS STOCK RISING IN PRICE - TILL THE CREDITORS ARE PAID OFF... WHAT 3- 4 YRS?
This so called fiasco in Africa.... of mou's - has hindered a lot of good mines.... and screrwed the investors that put them on their feet and got things going - for instance - Caledonia, or new dawn.. and so many more... Its hard to dish out cash - and invest in a mining co. from Africa - when they've pret near - all been taken over.
It appears the creditors... have thir claws on all the reserves.. I can honestly see - this copany staying in the red ..... for the creditors sake - of saving all the gold for them.... and im sure in the future who's t osay.... they dont do another finacing deal to continue in the red.... and kee pthe same deal going with their creditors... Something ot think about.
Comment by
birch1 on Sep 29, 2014 10:35pm
The deal closes soon. Pre bought gold with only 12K ounces per here to go to the guys that bail out when they will be producing 200K ounces per year. The gold is sold for cost pretty much based on the $80 million up front payment. This is a steel at this SP. All debt paid off and cash to boot. Go do some research.