No reason to sell and take a loss now other than the usual tax loss selling this time of year or you just need the cash.
IMO the company is still in an ever present danger of running into a shortfall of working capital and becoming unable to meet its liabilities as they fall due.
Considering they are wanting investors to send in their money to fund the SPP portion of the CR the silence is deafening.
IMO the transport strike must have negatively effected operations during this quarter and potentially delayed progress on the plant upgrade which is critical for the turn around. Dangerous days while the company continues to remain under funded. The company’s auditors were willing to sign off on the accounts on a going concern basis but that was factoring in the Sprott loan which was bigger than the proposed CR even if it is fully completed. Esh
BDR Price at posting:
6.2¢ Sentiment: None Disclosure: Not Held
