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Re: thizsukz post# 79338

Wednesday, 08/15/2012 11:15:18 PM

Wednesday, August 15, 2012 11:15:18 PM

Post# of 162986
It is not uncommon for CEOs to be paid based on performance. It is safe to say that once the GoldStar and Azurite claims are in production, the CEO and investors (us) will be well compensated.

Why proceed if it isn't profitable. Profitability has already been determined...

"We, along with our investors and partners, realize that we have a tremendous potential opportunity here with Azurite. With all of the historical data that exists, recent gold prices and the ability to move from the completed funding phase to the production phase in such a short period of time, we can't help but to be excited."



The annual totals cannot be known until a year has passed. How much they recover will depend on how aggressively they mine. They will keep the investors informed on totals at least quarterly.

Actually, your previous post DID in fact ask about toxic financing and the answer is that there is none. And no, I am not one bit concerned.

The Company maintains the position that while it may need to issue shares as debt is settled and as part of securing funding for the joint venture, management has been and remains committed to no reverse splits and/or toxic financings as part of this process.




All IMHO

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