Post by
JoeyGCola on Sep 17, 2021 7:58am
Starting right before winter? Again?!
Didn't management claim out loud that one of the main reasons the previous administration failed is because they started right before winter?! Go back and watch interviews of Wesson. A big debt repayment is coming so i guess they are running out of time and need to get some cash real fast.
Comment by
calvin98 on Sep 18, 2021 5:11am
ya they finished the drilling. Open pit mines run year round. Take a look at all the mines booming in Yukon. This time they relined the mills etc. Unlike Nordic they can afford the restart. Thanks to the rich partners.
Comment by
JoeyGCola on Sep 19, 2021 4:46pm
Not a lot of cash on hand, huge debt due by december. diluted to death, iincredible and incompetent management, looming bankruptcy... What am'i missing here? I struggle to see how this is a good investment. My guess is retail will get screwed (yet again) here. G.L. with that. IMO
Comment by
calvin98 on Sep 20, 2021 11:40am
The mill was built 15 years ago I believe. These are the third operators? The biggest problem with the first and second... debt ,They thru everything thru the mill low grade(then almost waste 1250 an oz).Now at 1800 it's low grade . Instead of drill holes 25 meters, it's 9 meters , I believe. I can't remember Nordic having the professional folks planning the enlarged mine plans.