Re: So why wait for a loan or what have you?
in response to
by
posted on
Sep 25, 2008 11:21PM
Producing Mines and "state-of-the-art" Mill
Blue I hear what you say and I am glad to see your opinion and anyone elses. I just think this is exactly why they call these sort of things "bridge loans." If there is a "stigma" attached to saying hey we need some money, great be proactive about it, suck it up, and take control your destiny. Thats what managing a company is all about.
Can't be any worse than fessing up and saying we run at negative whatever every month can it? Or telling the same investors we chewed through all of our previous money and we are at negative whatever in the bank. Can it be any worse to say we just secured another 5 or 10 million and we can get by until June sort of thing.
If it all boils down to the grace of nickel price rising and nothing else, there can be NO SOLID ASSURANCES can there? How can you say folks we are going to be here doing what we do in one years time? Wheres the safety net?
I wonder how are two new employees are doing with all of this and what there advice is on the money side of riding this storm out?