offering facts to Balance
Thanks Chris, but you are wasting your time offering facts to Balance. Pure vitriolic emotion is his stock in trade. He claims to have no exposure to NZOG, so one might wonder why he bothers with this thread.
Quote:
Originally Posted by
Chris Roberts
Contributors to this thread are entitled to their views, but some facts would help.
The Receivers have been running a sale process for well over a year. Dozens of international companies have considered it and a number conducted thorough due diligence. They know far more about the challenges in resuming a commercial mining operation than anyone on this thread. Not one made a firm offer.
The Receivers ran out of cash in September 2011. Since then NZOG has been funding the tunnel recovery work and the sales process through a loan agreement with the Receivers. A sale means NZOG no longer has to provide that ongoing financial support. It is in the best interest of NZOG shareholders that a sale is concluded.