Sabre Gold Mines Corp T.SGLD

$2,668,500 due NO later February 7th, 2021 via Yukon Gov.

[GoldenPolarBear]

This is highly excessive and why can't the Yukon Government allow Sabre Gold Mines provide instalment payments over 2 years?

https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-letter.pdf

Asking Sabre Gold Mines to almost immediately provide $1,668,500 is brutal when Sabre Gold Mines Corp. is producing absolutely NO gold until probably late 2022.

Many Gold exploration companies would be forced into bankruptcy with such a heavy bill that must be paid in just over a month. How is Sabre Gold Mines going to pay this hefty fee?

Where is Sabre Gold Mines Corp. going to find these lavish funds and pronto?

The Yukon Government has made it extremely difficult to move the Brewery Creek Mine forward into production... WHY?

[metalhead666]

BHWA!!  Installment payments! Hahahahhahaaa!  You are THE most stupid turd to ever walk upright. Why doesn't the company change its name again or put it on the company credit card?  hahahahhaa!  Unbelievable! 

[michaelstl]

This is just a Bond requirement which has already been taken care of.  There was a larger Bond required for Copperstone.  In the future it would be better to contact management to get the full low down..  

[GoldenPolarBear]

It's actually a financial security and not a bond that has recently tripled or increased by about 150%.  Obviously, Sabre Gold Mines needs prior to February 7th, 2021 pay a massive amount of money and how is this exploration company going to provide $1,668,500 within about a month? Ouch!   https://yukon.ca/en/doing-business/funding-and-support-business/see-how-much-security

[RdlBama]

Golden Polar bear, The Sheriffs had terrible relations with Yukon local govt particularly Janet. There is alot of bad feelings. Janet and Bill are shysters. Brewery Creek does have good prospects but only in the right hands.

[easycoder]

rdlbama, more or less agree   - Bill S is a phoney - as for Janet she's just hapless - Bill didn't care once his Uranium play took off and he could milk those shareholders instead

[GoldenPolarBear]

This is highly excessive and why can't the Yukon Government allow Sabre Gold Mines to provide instalment payments over 2 years? https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-letter.pdf Asking Sabre Gold Mines to almost immediately provide $1,668,500 is brutal when Sabre Gold Mines Corp. is producing absolutely NO gold

[Myharleybike]

Thought they had millions in cash & own 6 million in shares of another mine. They have the money

[GoldenPolarBear]

This is highly excessive and why can't the Yukon Government allow Sabre Gold Mines to provide instalment payments over 2 years? https://emr-ftp.gov.yk.ca/emrweb/COMM/major-mines/brewery-creek/mml-brewery-creek-financial-security-determination-letter.pdf Asking Sabre Gold Mines to almost immediately provide $1,668,500 is brutal when Sabre Gold Mines Corp. is producing absolutely 

[Freezerburn]

What difference would installment payments make? There's no revenue and never will be (aside from share issuance). Brewery creek was abandoned for a reason and it still isn't producing for a reason. You just don't have reason.

[easycoder]

BC reason for not producing was they couldn't borrow the money

[Flopticalcube]

$1,000,000 was already posted. They are required to post an additional $668,500 before Feb 7th. This is standard practice before any mining is started.

[Flopticalcube]

As of the end of Sept they had $5m in cash. I don't think they will have a problem posting the remaining $668,500

[Myharleybike]

That's the way I read it also.

[metalhead666]

You are KING of the MORONS!  No one, not even Harley is as stupid as you and that's saying something! 

[Myharleybike]

You are such an angry old Man. Is there anybody on here, besides you, that knows anything about Gold Mines.

[metalhead666]

This post has been removed in accordance with Community Policy

[satchmo6]

is that why ''strange-bedfellows'' Mirgan Stanley, and National Bank were exchanging shares

[Myharleybike]

This post has been removed in accordance with Community Policy