"As management are staying on as employees, they obviously feel that they can make all of those risk disappear for MMK and get the mine to production, why not do it for FMS shareholders instead?"
The LARGE amount of capital required is sourced by someone else & the associated risks until the point of first contract & shipment is worn by the Russians NOT shareholders.
Can you imagine the amount whinging & cursing this thread would become if management decided to go it alone & raise the required capital ? ? ? ?
I guarantee you guys would be spitting chips at the dilution factor of your current holdings & would you have the patience to sit there with regular moves for more capital & more dilution up until the point revenue starts to return ? My guess would be 3-5 years away.
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