The article looks fine but....
There's no mention of what was shown in the financials
where administration costs went up dramatically.
Those costs looked like payments to the admin and not
funds being spent to keep trying to run the company.
From reviewing the financial statements, it looks like
after the problems occured with the coal, the admin
basically scalped the existing liquid funds instead
of spending them to move forward and try to counter
the productivity problems they encountered.
This is what bothers me when seeing an article like this.
There's an awful big element that appears like it's being
completely ignored when it shouldn't be.
If anyone has any information to counter this opinion or
provide enlightenment, it would be appreciated.
I only know what my accountant told me after reviewing the
financial statements sent to me from Pine Valley and the
subsequent pit that formed in my gut.
I agree they have something worth selling. The problem there,
imo, is there won't be anything left for common shareholders.
We're pretty much left holding an empty bag.
It's pretty much a disappointing write off for me at this point.
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