15 million is too low of a sale price. I am hoping that in the final sales agreement that it is seriously sweetened. If not we gave our American DIAMOND IN THE ROUGH away IMHO!
I will not pull my money until at least December; I can easily afford to lose it. I think this is in the cards now.
What was the security deposit amount for each bidder to prove that they were in serious contention 15 million?
Cheerz GPB
PS Still unrealistically praying for a JV with Waterton.
>>Even if they sell the big mine with some luck GBG may operate as a going concern and develope another property hey they have the right experience to do it awesome now so cheer up son.
The right experience? They are one of the only gold miners to wind up in CCAA in the last several years - the only experience they have is in how to not attempt entering production. And what other property do they have? I'm not sure they could run a mine even if they struck a thick vein of fairy dust.
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