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)

Free
Message: Results from Local 2251 strike vote

The union better hope that next week they are able to reach a collective agreement, because once again, walking off the job or any cessation of work would affect the company's production quotas, and directly hamper their ability to pay back their debt.  So the questions I have are: Does the union accept the fate Essar has chosen for them? OR Do they save face and stand united, but at the same time push the company into default with it's lenders, by following through with the strike? 

 Seems like a catch 22 to me.......22 million that is......And in this case they have until March 15, I do believe, to figure out where their going to find this heft little sum.  Better do something quick guys......Time is a ticking, and everyone, including the lenders, would love to see this whole thing wrap up sooner rather than later.  After all, there is a Ring of Fire to ignite here, and we don't want to keep Mr. Trump and those rich people waiting......Do we?

TM.

Share
New Message
Please login to post a reply