Post by
metalhead666 on Nov 22, 2024 5:04pm
$100,000,000.00 needed in a matter of weeks....
"Could" come from "debt" "asset sales" and "equity".....Which "asset" could they sell and to whom? Without a mill NO ONE is going to buy any of the projects. Barrick and Newmont can't even make money at $2700 gold and don't do little add on mines. They either sell the whole thing or nothing as NO ONE is going to want some orphan hole in the ground.
Debt? NO ONE is going to loan them money except at distressed borrower rates. Onerous rates. Which cannot be serviced for years. It's just like maxing out one high interest credit card to pay off another...GL with this
NO ONE is going to do any royalty or streaming deals with a potential "going concern" years away from any possible meaningful production
That leaves you, the BAGHOLDERS to get stiffed yet again
Why in gods name would anyone stick around this dumpster fire is beyond me.
Comment by
smallcinvestor on Nov 22, 2024 6:25pm
WOW..... You must have got a cash call..... have you got something in your shorts? Whats that smell? Geting really desperate there Metal...LOL