Re: Redstone Thoughts
in response to
by
posted on
Jan 13, 2010 11:20PM
Producing Mines and "state-of-the-art" Mill
Yes i did sell off some of my position to lighten my exposure. I also sold my LBE long before the cease trade order when the financials were spinning out of control. I keep looking to see if its worthwhile. The real test will be the year end financials IMO.
Do you know how long Sothman was held by LBE? It must have been at least three years if not more. Thats about $750,000 per year in property fees plus any drilling related costs. I guess we'll see that written off perhaps after the second quarter when theres more income to absorb it.