TSXV:SGA.H - Post by User
Comment by
Perfectoon Aug 29, 2015 6:52pm
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Post# 24062712
RE:RE:Insanity
RE:RE:InsanityMy original post was deleted. The truth is not welcome here once a certain entity gains a large position. Just beware that the company ran out of money before the end of June and is borrowing from directors now at 12% interest.
The$US1.4 million given to a director to share the proceeds from a legal claim is still listed as an accounts receivable 3 months after the Argentine government threw out the claim against Yamana. If and when it is repaid, it will go towards the borrowings from the directors. So at the current cash burn rate, there will be no cash left by March, even if it is repaid in full.
The option given to Pan American hasn't helped. Since when can you buy options for nothing?They cost the entity writing them. Samco.
Oh, and google Charles Koppel Wimbeldon. Same person 10 years later
Samco Gold Opens TSX.
Beware.