Banks hardly lose money?! banks are bankrupt having lost all equity on bad bond bets so the banks are pulling back hard from making commercial loans to businesses. I doubt there is any bank willing to loan CYL $30mm++ needed for trident development on decent terms...couple options for raising cash come to mind are bad like hedging production or selling nsr on mining properties to insiders like done in quebec at abcourt mines. Main option for CYL to get cash to continue to pay million dollar management performance bonuses so as to support c suite lifestyles and part of trident capex is diluting current equity with successive secondary stock offerings...our Ceo, junior, is a bean counter born with a silver spoon in his mouth who never got his hands dirty mucking a stope and the most recent addition to our board of directors is a man whose expertise is not in gold mining operations but in banking, a paper hanger..., our best hope is these accountants and bankers running CYL sell company soon to some real mining operators.
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$2.84 |
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14 | 30295 | 2.830 |
4 | 3811 | 2.820 |
4 | 9260 | 2.810 |
7 | 13061 | 2.800 |
Price($) | Vol. | No. |
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2.850 | 4920 | 5 |
2.860 | 61326 | 10 |
2.870 | 7440 | 4 |
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2.890 | 2150 | 1 |
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