Recyug,
Very good post. As a non-holder, I have to agree. Its not that some are totally against it based on their comments but rather in the hands of the current management. What guarantee is there that this injection/placement will achieve 500,000oz.
$275mil is a lot of money for a small scale producer but is not really much for massive expansion. Detail breakdown would provide clarity and confidence. With all the budget overruns with big companies such as FMG, it is no coincidence that some holders are not with the placement.
It shows when management has not really been able to bring down costs price of their gold.
Just imo
Recyug,Very good post. As a non-holder, I have to agree. Its not...
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