cool, i live in the area and know l a fair few of the oldies that ran woodlawn previously. My parents generation basically. The area is endowed that at least I take comfort in.
I put settlement in brackets because it is not settlement. It is ransom. Cash and equity payment where equity is a basically escrowed for a couple of years. This forces CIM to delliver but at the same time it should really not have to come to this.
She will become profitable given time. My dismay is with the board and management atm. Wayne and Lawry really messed this build up. Another 12-18 months required for the market to reset sentiment. The dilution to get financing in the first place was massive, I really believed that, that was the last time.
Unfortunately apart from the shares I own, I also have a stake on HRR much more than the average joe that owns shares in this. I have an access right arrangement with HRR on their northern tenement which means I'm in this for the long haul. Unfortunate for now but at the same time fortunate that she is not a run of the mill stock that I own.
