Post by
ooofeeeeskc on Sep 20, 2011 2:04pm
Genco/Silvermax Payment
First things first, the final payment to Genco is now due. I'll be looking to see how they jump over that hurdle.
If they can accomplish that it makes the long Chief road finally paved and will certainly add some value to us all whether it is reflected in the share price or not at this time.
Comment by
jeffsfield on Sep 20, 2011 3:06pm
when you say now due are you referring to this week, this month?
Comment by
ooofeeeeskc on Sep 20, 2011 3:43pm
Yes I would say it is due now!! which is subject to a final payment of $2000000 due to Genco by September 24, 2011 (Andover. Ventures Inc. Consolidated Financial Statements ...
Comment by
vabene on Sep 20, 2011 4:24pm
I think that date is right but I also heard that they have a grace period of some weeks (4 if I am not mistaken). So nothing negative will happen if they haven´t paid till the 24th of Sept.
Comment by
yellowjack on Sep 21, 2011 8:30am
Could you please clarify for us vabene; is the 4 week extension of the payment from Sept.24th onward? You indicate that "nothing negative will happen if they haven't paid till the 24th of Sept."