Pend - I understand you disagree. I'm not trying to bring you down, but I want to put out two points:
#1 - Selling equipment you supposedly need to mine LC is not a brilliant financing strategy anymore than selling off your furniture to pay the electric bill or mortgage is. It is a temporary bandaid that ignores the underlying problem. I fully expected to see equipment sales in the Q3 but I had also hoped for something more of a vision.
#2 - It is not unsabstantiated that a company must remain solvent throughout the arbitration process. It is written in the rules and I confirme it with RM some time back. Therefore the need finncing to get them through arbitration and an award waiting period. The language regarding financing in the Sedar report was much more negative. They are obviously having a tough time.
The reason I feel we should have filed six months ago is that it should have been clear that VZ will never deal with us. We should have cut our losses after the hostipal was built which completed our MOC. We would have saved alot and probably been able to get the noteholders to back off and support us. Now what do we have?
