Re: Corporate Update
in response to
by
posted on
Feb 20, 2009 07:50AM
Producing Mines and "state-of-the-art" Mill
Tantallon,
It is bad news for us but months ago, Gary could have just given up and filed for bankrupcy. Then no shareholder would have seen any money. It has been the times that have reflected the worst nickel prices ever. Car companies, banks, mines, many are facing bad times. For all shareholders, we had the opportunity to trade our shares for awhile longer. It gave us the chance to get some cash out. We are not dead yet, but it does not look promising.
I will say this - Gary has never hesitated to answer his phone. He has always talked to Shareholders. He did not run away from trying to rescue this company. I give him credit for all these things. He has not taken any pay since the workers were laid off with no pay, he has sold things, used GST rebates money, done other's jobs. He would have done none of the above if he did not believe in trying to rescue this company. Now it is in the hands of others.