TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: Re: Kodiak JVs Otish
2
Jun 17, 2009 05:40AM
1
Jun 17, 2009 06:44AM

After a quick search on Kirrin, I'm a bit puzzled as to why KXL JVed with them. Kirrin (KYM.V) has ~17M shares fully diluted, which at their present price of 0.11 makes the whole company worth less than $2M. They have only a little more than $100k in cash, and liabilities that exceed that. I would have thought KXL would have looked for a partner with enough cash or credit to get a project into production, or at least to fund a much larger drilling program. What does KYM have to offer Kodiak?

4
Jun 17, 2009 07:04AM
2
Jun 17, 2009 08:43AM
3
Jun 17, 2009 09:44AM
4
Jun 17, 2009 09:48AM
1
Jun 17, 2009 10:07AM
4
Jun 17, 2009 12:17PM
1
Jun 17, 2009 12:55PM
Share
New Message
Please login to post a reply