Post by
rragg on Feb 12, 2014 5:48pm
OH HECK
Unfortunately Southwester,...
They can't get the financing. That's the only thing it can be. Looks like Enirgi gets some land. I wonder how that negotiation goes. How do you place value on mining property with proven minerals but no production? And JVs with 2 different companies.
Comment by
souwester on Feb 12, 2014 6:06pm
One questions why we are in this situation with two JVs and decent properties. Only $2.5 million was needed to keep Enirgi at bay for a year. Presumably Blankstein could have made a capital loan for that amount. What didn't he? Why didn't the Ophir JV start production? That alone should have saved the day. What was the story there? My Spidy sense is tingling..........