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.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.