Thanks for update, not looking very promising, would have thought we would be fairly profitable ATM and capable of servicing what was not too large a debt. Amazing when ever I have backed out of an investment for fear of banks pulling the rug forbearance is granted, when I hold rug pulled the second trouble is around. 6 months grace was all that was needed when oil was in the $30. Hey ho just hope Brad is not prospering ATM and having as tough a time as many of his investors.
Hi Confounded I did a little more digging a few days ago and came up with a company 'New North Resources Ltd.. a private but quite large company who appears to have bought out Edge on Sept. 12th. for $75million. And that is where the trail goes cold. The total debts of Edge, as far as I can gather is nothing like $75 mill.
I intend to try and find out more, maybe an email to the Receiver or even send New North an email asking them direct.
Please feel free to follow my findings and see… Read More
Thanks for posting the pdf belgrano. I've read about a quarter of it so far and am getting a bit bogged down - not really my field. I suppose the important questions are, will we own anything once the company is sold? And if not, will there be any payout to Edge shareholders? My expectation is that we will get nothing. Does anyone have any thoughts?
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