RE: Let's face it29 Oct 2019 07:03
Spot on. Mather's obsession of taking Cascabel to production is laughable. The cost in dilution (debt or equity) will wipe away shareholder value. You need to spend lots before you can make lots (assuming production is profitable when production is reached). That 'spending of lots' needs to be financed from some source. As you can see with SXX, this search for the source of financing can cripple a company
Mather should, if possible, prove through drilling what he can and sell each asset. He only needs to stand up and say 'Solgold will not become a producer' and I believe the market will rerate the stock