Maroon will struggle to refinance in this economic climate (been trying for months now) writing on the wall for them I say!! Only a matter of time before they go into administration and liquidated imo. If this happens and with the $1.8 Mil owing to LNY, I suspect our board would be all over this, serious discussions had and they must be wanting to take their processing plant if indeed they continue not to find a bail out and are forced into administration. Exciting times ahead and so much more to play out on this the way I see it!
Happy to see that the drilling results are looking good, hopefully we can hit over the 25g/t grade sections soon, just hope they do the deeper drilling this year while we are finally being talked about - " took way too long hasn't it" then we can expect significant reserves to be announced. Then once this is done only a matter of time for a buyer to walk into the data room. GLTA...
LNY Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
