Canadian $ travails.

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Fossil

Rank: Vice President [?]

Points: 7475 [?]

Votes: 97 Score: 3.0 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Canadian $ travails.

posted on Aug 05, 2015 01:44PM

If Canadian dollar stays at this level, or worse, gets beaten down some more

by the end of this year when the two loans ( 15,000,000 US $ convertable loan

and 2,000,000 US $ bridge loan mature it will cost us upwards of 12,000,000

extra shares to satisfy settling of those loans. How so. Both loans are in US $.

Compliments of Canadian Government and Bank of Canada both of whom (IMO)

would rather let big banks, hedge funds and miriad of currency speculators do

their dirty work. Instead of enacting measures to make our great country more

competitive they instead let those barbarians beat up on our currency for the

sake of expediancy. Nothing to be proud about

Just my rant ...Just my opinion.

GLTA,

Fossil

16 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply