Posted On: 09/29/2013 2:38:59 PM
Post# of 9903
After what has happened with BGL, I think MSJ might either develop properties themselves, on their own, or sell them outright. Something tells me, MSJ aren't going to be keen on any more joint ventures in a hurry!
So, to tap capital markets, they would need a listing on a stock exchange. Also as has been said before, they would need to honour the shareholdings of SRGE shareholders or nobody would ever lend to them again, then there's the fact that Mexican politico's are on the board, another reason, not to short change shareholders.
I'm pretty sure BGL will either have to de-list (at least) or declare bankruptcy as they really can't afford the regulatory fees.
Winston Cooper has looked at the BGL accounts and says that there's a foot note that states that if BGL looses the case, they have to take a full hit on the costs of Cinco Minas as stated in their accounts ......which is .... C$9m.
So, to tap capital markets, they would need a listing on a stock exchange. Also as has been said before, they would need to honour the shareholdings of SRGE shareholders or nobody would ever lend to them again, then there's the fact that Mexican politico's are on the board, another reason, not to short change shareholders.
I'm pretty sure BGL will either have to de-list (at least) or declare bankruptcy as they really can't afford the regulatory fees.
Winston Cooper has looked at the BGL accounts and says that there's a foot note that states that if BGL looses the case, they have to take a full hit on the costs of Cinco Minas as stated in their accounts ......which is .... C$9m.
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