Another day on the VSE. Let's be realists, I expected this a long time ago, agreed it leaves a sour taste in my mouth as well. With gold fading into the sunset like Clint Eastwood in Palerider, I am not expecting ABX, or Teck, to ante up the funds required to properly explore and develop this property. Talks have been ongoing since March with Teck, and the POG has declined dramatically since then. Why would Teck do a deal now, when they wouldn't do a deal in March, considering the POG? They won't, and the company knows it. To stay afloat, this company probably did the only other OPTION available. At least GHE may ride out this gold bear with cash in the vault, as opposed to the many consolidations, acquisitions, and delistings I see in jr golds over the next 6 months.
Regards Hugh |
