G'day and g morning Grant,
I missed this, but once again, you are confirming that the $8,5m plus the $4m is required to be paid across before BLR owns 100% of the HT deposit. And BLR does not own 100% of the Taylor deposit. Look it up. There needs to be more payments in order to get to 100%. And the cut off used to get to 90 million pounds is .025, one ninth of the quality of the SC, and without the vanadium credits.
But you and everyone here are not answering my question, the most critical question of all.
In 2 months, BLR is out of cash, technically bankrupt. Where will the money for the permitting and salaries come from? Because even if a professional engineer or geologist will work for free, the State of Colorado will not take an IOU as payment.
And so there is no commercial production at HT happening anytime soon. All your comments are in terms of maybes. Maybe the company issues shares three or four years from now if it survives, maybe the magic $ fairy sprinkles a few million dollars into the coffers to run the company for a year or two.But I am speaking of here and now.
Here and now, there is no money in BLR, no commercial ablation JV as Goviex only goes into production in 3 years if they are lucky, permitting delays due to lack of capital, the possibility the largest shareholder bids ,4 once that loan is not repaid and therefore shares are issued, triggering a mandatory takeover offer.
The here and now is to merge with a 40 year uranium expert that has access to capital, has the uranium buyer contacts and the Colorado permitting officials on speed dial, and that has brownfields uranium mines that are fully permitted. This is a much better idea than for all of us losing our investment in BLR via death by 1000 dilution cuts. This merger creates corporate bulk so institutional investors get interested and invest. This merger attracts the attention of all those unit trusts that supported Glasier at Energy Fuels. We all know there is a shortage of producers and near term uranium producers. Institutional interest means a much higher share price for us. This is what a yes vote means.
Cait
