well, the line of credit is a loan. right? Then, it really looks like Shafter is just bleeding millions on a monthly basis; Even LN production went down this past quarter, and the company had a excuse like, we had to shut it down to make more silver down the road, or some such excuse....finally, the most scary thing is what is the all in cost of production, and can we believe it from this management? Silver cost of production is right around its comex price at this point, with some miners doing better, some worse. What if silver hides down there in the mid teens for the next year? Shafter would need to be sold, who knows? I would have been happy to pick up shares at 2 bucks several weeks ago, but now, ??
I have no faith that the banksters will not try to submerge silver now, underwater, to drown it and also so many miners. am i grim, yes, but those people pointing at charts and saying we are at a buy point have honestly been saying this for half a year now.
