I see no one has commented on the future of Armada in lite of the news release.I got just a few when I was naive enough to believe anything analysts say.
Does anyone see this as a positive? Can anyone see us,under reorganization,and strengthening copper prices, due to Asian recovery, keeping the copper operation?
Can anyone,see a change in management coming to this company, as part of the new control and reorganization?
With the major shareholders approval, creditors taking control and issuing shares for debt, should allow for financing, possibly from same.
I have to view this as a good move, at least the best of all alternatives. Hopefully, with new people running this thing,they will keep the copper operation and be able to raise money for proceeding with gold production.
"low copper prices", guess their hedging strategy was not too effective. Anybody got any opinions leaning to the "positive", one has to view survival as positive. Perhaps the employees/management are all getting paid, cause there getting their pink slips along with the check, especially the idiots who let our bugs die!-mike |
