"why did they offer up $30 million"
Quintana would have offered that based on the assett. And it is definitely worth it.
They have security over the assets, so someone asked what the plant was worth. Thats it.
Quintana are the only reason this thing is surviving and producing gold. Since they got involved it has been forward, but the mess had to be cleaned up.
They had to put some people on the board and some of those from the past had to move on, but it worked.
They will also be more than happy that KBL is paying off their debt with dilution. It means they dont have to dip in and the mine is still producing their metals.
I will be very interested in this once the debt is clear.
I am not paying a cent towards clearing it. I will let others do that for me.
Good luck for all those buying the investors shares and chipping in to keep the company going. If it comes off I am sure you will be rewarded.
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