As I’ve said before I met the GM at Noosa, I got the run down of the company well ahead of the IPO. The more I spoke to the GM the more I got a sense that they didn’t know if this would work or not.
They picked up the project and got the $19 mill odd debt funding, what the hell did they need $7mill from retail for? Well a second CR for beginners and then a third.
As I told gb77 I wouldn’t invest in something where insiders had so much control (80%) and mostly @3c/share as they are not exactly aligned with SH are they!
Well we will know in 3 weeks hb45.
Has anyone put a cost on the actual silver mine development? Its been touted @$50 million but still no updated numbers from the company, and neither has the cost of completed relocation of the 2nd hand mill purchased earlier this year.
I won’t mention US$50/oz silver you seemed so confident of by March was it.
As I’ve said before I met the GM at Noosa, I got the run down of...
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