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Wednesday, May 27, 2020 11:02:32 AM
The key at this point is that the mine is self suffucent in it's operations. (Producing and selling enough gold to pay the bills and not require taking on any more debt - toxic loans or other private placements).
The most recent PR is stating "for the last 3 months the company has been able to operate and expand using gold sales only and without taking on further debt" is a good sign. In my opinion it is essential that trend continues.
If it's discovered any additional notes or private placements had to be taken out to keep operations afloat, its all over.
The share price is going to to take a hit over the next 30 - 60 days. In my opinion it makes no sense to even think about buying another share until post reverese split. And even then its under the condition no new loans or debt have been taken on.
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