I can't believe shareholders are buying this! ... so many fibs:
- Going to arbitration (Never happened)
- Going to re-open the mine in December, January, and February (Never happened)
- Going to sell the Chile operations (Never Happened)
The board need to tell us they have finance, and not going to get it, if due diligence occurs. At an interest rate of 9%, what are they stumping up for collateral? ( full terms of the financing are confidential) I feel this is so they can continue to pay for salaries and rice sorters. No need for it to be "confidential"
The plants haven't been running, have they? they've been under care and maintenance, so why do we need a major refurbishment?
They need insurance, to refurbish the plant ... good luck with that.
How about getting the money off the Thai's, in the form of compensation?
They won't get the finance from "Taurus Mining Finance Fund" , and the next step will be to get money off shareholders, as we're not owners of the company, but the cheapest source of finance. Good luck with that!
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