Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: Financing

Re: Care and Maintenance.....

posted on Nov 02, 2008 04:15PM

Freedom:



Very sage comments.

Just one other comment: I will be very disappointed in Gary Nash if he has not had a contingency plan in his back pocket all along. I know that the bad economy, the credit crisis and the plummeting price of nickel are beyond his control, but good management involves doing a "what if" analysis, looking at a worst case scenario, as well as other cases. To run a business on pure hope and based on a plan that depends on most variables going well is, in my opinion, very bad management.

All this seemed to happen so suddenly --- from the promise of a new financing a few weeks ago (taking us to a point of ramped-up production), to all kinds of negative prospects, including bankruptcy. Very disappointing, and COSTLY!

-- R.

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