Post by
flatbrokeboy on Aug 19, 2020 9:44pm
What now?
After reading the news today about the CEO resignation, and lack of funds, and EMR not wanting to throw in more cash, is this company toast? I've been holding since 2013 hoping that the mine would get built. Doesn't sound like it. Any opinions out there?
Comment by
investanonymous on Aug 19, 2020 11:17pm
Has EMR been slow-rolling this into insolvency so they can take the whole thing? If so, is there any recourse for small shareholders? And what about the stake that Tata owns (or owned)? For that matter, what about management's shares? Or, do they get forced to sign agrements that they won't take action against EMR in exchange for some kind of buy-out?
Comment by
JudgeHolden1850 on Aug 23, 2020 1:22pm
It would appear that is the case. I've been invested in this project for a few years waiting for construction to start. When the Nevada Gov't got behind it i was sure it would go. I really don't know what recourse there is for small shareholders but i will be looking into it if this goes sideways.