Post by
fruitvale3067 on Mar 28, 2023 9:40pm
Sidebet, it's over...
In the last year this company has walked away or closed down everyone of there deposits and as a last resort they are going to chase after a 70-30 JV and 10 shallow drill holes. For gods sakes man they are leasing the land the mill sits on to a electric utility. It's over, they are just going thru the motions. Listen, I'm not going to tell you how to invest your money, however if I were still holding shares, I'd be on my way out the door. Thankfully I sold 6 years ago. Take your beating and find a much better junior exploration company to invest in. One that has the goods.
If that doesn't sink in try this.....Think about it........No more Barry open pit and underground drilling, No gladiator development tunnel to drill, Moroy and Bachelor lake veins flooded, No mill upgrade, no mining permits, no minig equipment, no money. Several of us here had been warning you for years these deposits (narrow veins with little of no halo effect) weren't economical (at least not at these gold prices). It's been one let down after another. Shortly they are going to pile on more dilution. That is if they can get anyone to take part. If not the cheap buyout is the only way to kick that beat up can down the road further. If the sale of the company takes place I wonder if it goes for more of less then the .07 that Metanor sold for.