Maybe things known to you, but not to everyone else. First news that a new mine plan is required in San Finx. Just a month ago the mine was just a water discharge permit away from production. I particularly dislike management that plays hide the ball with SH.
To say RFR has spent no $$ in this acquisition is inaccurate at least, particularly if you're acquiring a company with millions in debt. How much debt does this company have? I’ve just checked the
last financial statement and it stood at $7m. I hope the deal with RFR addressed this in some way, but I still think the previous owner simply dumped a toxic asset and walked away. Just how Valoriza Mineria will be made liable for anything if the water discharge permit is not approved is simply beyond my understanding, particularly if gets liquidated.
