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10:45
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Originally posted by Ubl0xm:
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I can just about assure you that all of the ore has been processed. It was a 'profit' split deal and according to my sources, FMR lost a bundle undertaking that trial mining. Best case scenario was GSR obtained some extra info on the geology of the mine which may help any future miners - whoever that may end up being. I would bet my second last dollar GSR will never mine that gold. As for the voting down of the tranche 1 shares, that can only mean GSR is now on the bones of its arse. Something stinks - there was an extra 50M votes against the issue of tranche 1 shares compared to when there was a concerted effort at the last GM to try and vote down the performance shares for Hansen, Poole, etc. My mind does not want to contemplate where those extra 50M shares came from - surely an entity which will remain nameless, would not destroy a company in the hope of picking it up from the receivers. Why has the scoping study taken so long to release? Because they don't have the cash flow to fund it? I sincerely hope my imagination is running wild. What a complete far cup!
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I had what I think is a very similar feeling about the possibility of someone getting a bargain from the receivers only about a week ago. Can't say I'd be surprised.
