Just asking!5 Feb 2017 20:13
As a shareholder who has invested in this miner for some years now, I am still at a loss to understand how selling Tri-K benefits us. I'm not being negative, I just don't see it so please someone, enlighten me with facts and not just wishful-thinking or hype.
The market always reacts positively on news of Tri-K and I sure hope it does when the deal is settled but why? We are giving away up tp 70% of the assets for a mere $4M of which we get after costs only $2.5M. We have debts. How do they get paid? Are Managem taking them over? $2.5M will last how long running the company? A year? Less? Then we have to fund 30% of the development when a bankable study is in, where is that money coming from? Yes, we'll get 30% of the profits but how will we survive long enough to get there? What have I missed that makes this deal so good for us? I really would like to know so some please cheer me up as I have a lot at stake here and the recent RNS always talk about being on the verge of bankruptcy when that statement seems inappropriate to the RNS content (why do they do that? Are they trying to scupper the boat?)