Mayhem, Remember that the recent shares that were released onto the market were not put out there by CGFIA. They came from financing companies that gave CGFIA cash in the past. These companies were restricted from selling those shares till now. They couldn't really give a hoot about CGFIA, they just want to get a return on their outlay. So, saying it is a pattern, may be true, but CGFIA would not be as shortsighted as to sell off stock at such a low price. It drives the price down further, just hurting CGFIA more. They really have no control of this recent action. CGFIA didn't own the stock. What I do see is that is promising is that after every dump on the market, the price did recover some of its value. Ok, now why do we need Ausenco? Simple answer, It is required by the DRMS. They want an independent outside source to verify that the dry stack area is adequate for use as proposed. If not by Ausenco, then another engineering firm. Colorado is pretty sensitive to environmental dangers, and although to us this is "just one big pile of dirt" it represents a potentially dangerous pollutant to the surrounding streams and rivers. Think of Asuenco's certification like a car's registration. Sure, you can drive without it, but if the mining police stop you, you are in for a fine or worse. (In our case it would be worse. Fines and NO PERMIT for us.) Since the DRMS is checking CGFIA out so closely, CGFIA needs to make certain that everything is in order. If it isn't, no mill reopening. All the hard work up to now would be wasted. Hope I covered what you were looking for. GLTY
I just hang out here for the fun of it, that
doesn't mean I'm smart.
