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Re: badge792 post# 26313

Thursday, 01/22/2015 9:53:01 AM

Thursday, January 22, 2015 9:53:01 AM

Post# of 26631
One step at a time is the only way this can proceed. This was so close to going belly up it's not funny and they're still not out of the woods yet. They have to get the back wages, social security wages, and royalties owed to Panama paid so they can be allowed to mine again. One would only expect their credit would be shot to Hell, so they'll probably be required to pay cash for what they need to operate now, but that's what happens when you have poor management.

I'll believe Fifer is leaving when he's gone and not a minute before. If what Progafa claims about him being required to leave within the provisions of the financing is true, IMO would be good news. I just think that could be wishful thinking.

Getting a new detailed plan from a new management team would be the best news we could get.

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