$1000.00 can’t hurt. I’m interested to know if Tracey is thinking once the gold is out of the ground, that’s its no more. So his basically dragging things out to benefit as much as he can from the gold. One problem with that theory.... would he really borrow at 12-15 percent to just that; not sure at all. Although gold has jumped 50 percent over the years ... not as silly as it sounds to borrow at 12 percent plus .. not that he had many choices for funding regardless.
Im glad directors fees are not going to be converted into capital.
NIU Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held