I don't think there should be a stumbling block at all - maybe at 14.5p. There are a lot of investors watching MIRL to see what happens. When they get their financing, many of them will rush back in, because there is so much room to run with this one. It'll run and run some more and then run some more.
You can call them to discuss the cash situation. Macquarrie is there for them to get them to financing.
Sorry - I know it wasn't you who said that ibwaiting. But they haven't run out of cash. They have options as it gets lower if financing isn't secured at that point.
The cash didn't run out. Where did you hear that?
ibwaiting - Most use the lse.co.uk board and they show up here. They can't see your posts on here - that's why I'm the only one answering you. I usually just watch stockhouse blogs myself anyway - I just trade tsx stocks. The big buyers are mainly in Peru. Someone made the comment that they are Chilean funds who are doing the buying.
I believe RNS is Regulatory News Service. You can see it's Miton on the TSX. All the selling has been through Dundee and that is who they used as broker. At one point I said it looked like they were done because they stopped selling for a day for whatever reason but then they started again.
If you have to sell ibwaiting, that's your choice. But don't be with Maxo. He's not only crazy, but he's proven to be a real dirtbag. But seriously, Courteney didn't resign - he's coming back after he's better. And this deal is complicated. Everyone has to be happy, especially Macquarrie. While it's good that Macquarrie is so invested in this, they're naturally going to try to insist that the deal favors them.
I heard about his health problems a couple months ago but I don't know the details. I think he might just be worn out. What a long, stressful process it's been. I've been wondering if it's all part of the financing arrangement. Everyone he works with respects and loves him. I'm hoping he just needs a break and then can continue to play some role in the company.
Mr Grey's issues with Miton have nothing to do with Minera IRL. Wait and see who the new CEO will be.