Then they should sort the Financial Statement which came out only a couple months ago. Doesn’t mention anything about that company no longer operating.
Yes the terms are decent but I’d have to delve further into what conditions are on the debt and company. Each to their own but for me a $20 million MC explorer with a $11 million liability is risky and you are praying that this asset goes into production in 5 years or so…. Which based on how things are looking and the current approvals timeframes is not something I personally am comfortable with.
If I was heavily invested I’d ask the questions to management. But I’m too far done after the CEO salary increase.
The company has promise and it would be great to see some drilling on the OREX permit (whenever that may come…. 3 years waiting for that permit!). Change some things around and I’d become a holder again.
EM2 Price at posting:
6.0¢ Sentiment: Sell Disclosure: Not Held
