Re: news yahoo finance
in response to
by
posted on
Jul 18, 2013 11:40AM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Cappy,
They shouldn't have been in that position in first place. What was the point of blowing funds on Desolation or Lac Lamalee, Beauce, Nason Brook, all these other places that were not adding squat in value when cash was king, a finance crunch was coming, and demand for iron ore was dwindling. This wasn't hard to see coming! I put the responsibility on the Board for not having the strategic vision to conserve cash and whether the slow down in a prudent fashion. They are now forced in a position to sell part our most promising asset.
What do you think there going to do with the 2.1 million?