Can I throw out a theory?
BTW, just joined today after a good 2 months of reading the SIRG board. Read most every post. And for the record, I have 3M shares of SIRG, so I do believe in where this is heading, like many here.
But here's what's on my mind, and correct me if I am way off base. Because I am no mine expert, or in BK filings, for that matter. But after reading the article today, and his use of a "plausible" collapse in the talks, is it not within the realm of possibility that OROT simply has no interest in the mine? That it's more a hassle and distraction to getting it back online than it's worth?
Maybe they said to SIRG, "Listen, let's be honest here, all we want you for is as a vehicle to get us on the big stage. If you're in debt with Sunburst, just square up with them, and transfer the deed back in their name. We could care less. We need you fine folks at Sierra to get ready for all the work we have waiting for you. You're expertise will be better served in the coming months with us."
And that way, they satisfy Sunburst, get them out of the picture, make them whole, simplify their OWN process, knowing the shell is worth far more than putzing around with an unused mine.
Genuinely interested if this is an illogical thought.
Also, lovin' the DD on this board. Would not have joined without the incredible insight and sleuthery (?) of a handful here. Only wish I knew some of you before some belly-up plays these past two years!
Cheers.
p.s. I remain convinced that the writer at the Daily Miner is making the assumption that the mine was a be-all-end-all to this deal. That the only conclusion he could come to, was that if the mine failed to remain in the hands of SIRG or OROT, then the deal must be off. I believe it's just the opposite. That the deal couldn't move ahead until that issue was moved out of the way. OROT simply hasn't the time or energy for it.