So Oreology's involvement in our past studies gives you confidence ongoing because the company commissioned new ones having failed to match expectatins based on the previous?
Anyways doesn't really matter. I can't see there being a snowball's chance in hell this gets funding with the PoG holding at current levels. The companies grand strategy atm appears to me to be ' burn more cash on the bonfire of Morilla & hold on as long as possible in the hope gold goes on a big run'.
What a cunning plan.
Any funding agreement they do get for Morilla SA (short of giving the mine away), is going to have a real problem with gaining shareholder approval if the option exists not to fund it, and retain our current ownership of the LLL shareholding. Though I admit much will depend on how the top twenty vote on that. Perhaps if the company propose funding, the big gold funds will exit after opening, and prior to a vote on the big CR. Gives me a little hope at least that sanity might prevail and see a no-doubt disastrous CR rejected by shareholders in favour of certain capital protection and even some gains.
Why do we think the company can go into super-low-expense hibernation, and then distribute the LLL shares?
Because we, the owners can ask for that to occur and get it voted on. No other reason. Simple.
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