Re: Back on Track
in response to
by
posted on
Aug 27, 2010 11:43AM
Producing Mines and "state-of-the-art" Mill
As an ex-shareholder of both companies I will admit that Liberty as it may stand currently has a better chance of success. However slight that may be.
Glad you don't care much about the due debt. Since Carmen was at the AGM can you share with this board if there was any discussion about the shut down in April. Or was there any discussion about a further need for more cash and hence another required loan.
I find it odd that the 1800 tonne a day target for the first quarter was forgotten about and now everyone is excited about the 1500 tonne a day target. You can go back and see what the target was years ago. Sorry, you can't, that info is no longer available on the website.
Its just strange that a company that is so close to the brink seems to avoid its real issues. Reminds me of another Timmins nickel company.
The real question is, can or will JIIL, allow this company to go under and what are the implications. The question is most likely that it will continue in some form. I just wonder who the shareholders will be. And only the debt will clarifify that.
Sweet dreams (or fantasy).