RE: Gold Mining in Nicaragua has a good track record26 Oct 2024 09:32
So here's the synopsis, the assets under thee ground now are worth hundreds of millions of dollars, if they are so valuable, three things occur,
1 why dont we borrow the funds and mine it ourselves, we have ( supposedly) a BFS.
2, why have none of the ( supposed ) offers been disclosed to us the owners of the company to vote on whether we accept.
3 Mellon is the director or major shareholder in a number of companies including two banks, and has connections with several mining giants.
it would be easy for him to say, ' look none of the offers we have had have been up to what we want or they have not got the collateral behind them to take the project forward'. After all this waiting time, one of his own white knight companies swoop in picks it up for a bargain price, he gets a seat on their board with some tasty share options thrown ion and we get left with zero.
I just dont see why any of the offers have not been put forward to us the owners of the company