Post by
fbedard29 on Sep 10, 2023 5:28pm
Sg gold production
Hi SilverNs
Yes it is possible that there will be a share consolidation in the future.
It was supposed to be a good thing when the Pershimex merge was announced.
I am real happy that it was never realized.
The 1 for 7 old shares would have put the price at +- 40c-50c per shares.
And with the market not interested in gold shares at the moment the share price would have
drifted back to lower than 10c.
Now the only thing that is needed is to restart Sleeping Giant production at a small schale and
not dilute anymore.
All the funding available should only be used to restart SG.
For now most of the funding or fund in the bank is used to pay management salaries and
no production is even close to being projected.
If management have a small confidence in managing the co, they should renounce their
salary and accept shares as compensation.
Then all the funding would be used correctly.
Fernand
If Sg is restarted at a very small schale ,at least we would have an estimate of the cost of
getting mineral from the ground.
Abcourt has 7000 tons of mineral to process(5000 from Pershimex ) .
That revenu should also be used only to produce at SG.
Then we might be interested in the cost of providing lodging at a small schale.