Post by
maplak on Oct 09, 2011 10:43pm
Gee
this is unreal.Approximately 6 months ago they got financing for 75 million @$2.25 or so. Where is the money go , no production,no up date on spending or progress,no coal contract.Wow- broke on Oct.6 the got line of credit for $50 millon.Just three days later realizing that they are broke like Yellefund&Alwayswrong have sold /gave away one of their cooper properties for additional $40 million.My question is :how much more money they will need to start production?Will they ever to be able to do that?If I am not mistaken since 2008 they have raised over $300 -400 ? million just to restart old mine.