Posted On: 10/24/2013 10:15:52 PM
Post# of 4018
Re: gremlin9999 #3524
dont know anything for sure beyond the PR's and 10Q's-
SIRG has a heavy revolving promissory note debt load and major permits seem to be on hold due to finances ,which is somewhat odd considering they spent a lot of money to buy the last 20% of the mine- the last 10% in April 2013 (did lenders demand that?)
so prototypical huge risk reward situation- will they or wont they cobble enough finances to finish this thing- apparently having trouble w a stop gap milling situation for the tailings since we havent heard re this since the may or june PR
kicked the financing/promissory notes can down the road til dec 31? or have they already gone down the rabbit hole,as some do without informing holders
SIRG has a heavy revolving promissory note debt load and major permits seem to be on hold due to finances ,which is somewhat odd considering they spent a lot of money to buy the last 20% of the mine- the last 10% in April 2013 (did lenders demand that?)
so prototypical huge risk reward situation- will they or wont they cobble enough finances to finish this thing- apparently having trouble w a stop gap milling situation for the tailings since we havent heard re this since the may or june PR
kicked the financing/promissory notes can down the road til dec 31? or have they already gone down the rabbit hole,as some do without informing holders
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