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Message: Patrick Sheridan...

Patrick Sheridan...

posted on Jan 17, 2010 02:29PM

has raised almost $70 million in 10 days for Guyana Goldfields mine development. He states in the Jan14 NR " We welcome a significant number of new, major institutional investors that recognize the value of our properties and have financed the company through feasibility and towards the early stages of mine development". The merger which formed Goldstone was completed a month ahead of time. Anyone that can move so quickly and is so well connected must be good for Goldstone. Results from last years drill program should be out soon and further fundraising will be necessary in order move this thing forward. I would expect this to take place at a much higher share price. Given the outstanding success of Guyana Mr. Sheridan must see significant potential for the newly merged companies. Perhaps someone has some thoughts on our prospects? Does the new Goldstone website look kind of temporary?

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Jan 18, 2010 01:36PM
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