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Re: investorwisdom post# 38697

Sunday, 08/16/2015 9:16:23 AM

Sunday, August 16, 2015 9:16:23 AM

Post# of 63744
That's not an argument. You can not wave your magic "negative BS" wand and think you have developed an intelligent case.
Futhermore, having reservations about a stock, and raising questions about a mangement teams tactics is what intellegent investors are suppose to do.

Here are some of the upcoming outlays we know about
We know they have 1.5-2mil/month on Tailings pond for 5 months:
Tailings pond 1.75*5 = 8.75mil
Intrest pament 8.5mil

That already burns through all the cash on hand right there and 6mil of the gold inventories....None of us know how much more is needed for Namoya to get up and running, the point is they are streched very thin and didn't have to be in this position if they kept some of that 40mil.

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