being the dire state of the jr gold financing market cap ex has been covered now for the project.
bankruptcy non-sense talk has been put to sleep.
mgt is a bunch of idiots, BUT fianncing is no longer an issue. the ore base is in place and rationalization of mine processes is occurring.
Short sqqueeze should be coming. do not let go of shares and shorts get an easyn out.
the shares were at nearly $40 a share with the ore base in place. financing is done with 16% dilution. Take that off of $40. Alot of upside with better operational mgt in place and a new conservative mining mill process.
I agree. Bob Buchan specifically stated on the conference call a few weeks ago that they would not issue more stock. He flat out lied. I do not like being partnered with dishonest management, especially when they do not own much of the same security I do.
what's done is done. It was apparent they needed more financing and these idiots waited to long, BUT look at the brightside. the massive ore base is in place in a safe jurisdiction and financing is NO longer a concern. The price is at rock bottom even after about 16% dilution.
shorts go ahead short at the lows with new financing in place and a new mining approach.