Replies to post #16993 on Kentucky Energy (fka QMIN)

[KingofPennies]

Well, now that the mine has been shut down, will the remaining bag holders bail like crazy starting today? I'm thinking they will because what else is there at this point other than getting out with what little is left. I suppose there are those that would rather hold out in the remote chance the mine opens back up. As you have stated, doing that takes a ton of money, which QMLM doesn't have. So, here comes the mad dash towards the exit. Any bets how long before we see .0001?

[Pedro2004]

Re: Once a mine has been officially deemed closed, it is quite expensive and time consuming to open it back up.

I have been reading a few boards and I’m seeing that people don’t understand this problem.

In fact, I didn’t understand the severity until you pointed it out – getting the permits to reopen the mine is expensive and time consuming. Thank you!

I have no doubt that Eugene and Tarun (sp) are lined up at the hip.
We’ll have to follow the mine – see where they take it and get ready for the next pump.

But, as for as Gwenco is concerned – I think Gwenco is dead.