Bob, your point about underfunded
Penny companies is absolutely right.
Of course thats also Why they are Penny's.
I must say it seems that they squandered the good weather season. I see no reason why a concerted effort wouldnt have gotten the Mill up (or at least very close) to running this year.
I was wandering through discussion boards yesterday and saw
a post talking about the construction company responsible for the improvements at the Mill site. I did a search to verify.
Maisel construction has 1 employee. His name is Peter Maisel.
So we have 1 person working on the Mill why CGFIA Management is looking to gain interests in other unproductive mining operations around the globe. Using stock which is worth less every trading day.
I cant see how they will stay in business through the winter.
Not to mention the $700,000 due payment on the mill in June.
Granted, Todd Hennis who owns the Mill could grant another extension. But if he doesnt, this company is finished.
They cannot make money without the Mill. It makes no sense to me that ALL efforts arent in that direction.
IMHO
I find no valid logic to their actions.
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