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Re: Damnsammit post# 1386

Friday, 10/05/2012 12:02:11 AM

Friday, October 05, 2012 12:02:11 AM

Post# of 14330
This is the most interesting one of your call (if it really happened)...


Is Bankruptcy a possible avenue?

He said since the numbers are not currently out that he is not entirely sure, but again reiterated that the sale of one of the mines or the entire company would likely be the direction instead of Bankruptcy. We also discussed that the sale of the Hollister mine is likely going to be the first step in the event that they cannot secure liquidity. He pointed me back to the press release to reiterate that they are very serious in evaluating the sales of the mines and have hired an independent bank to value their assets.

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