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Message: Re: Private placement
4
Mar 03, 2010 08:41AM
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Mar 03, 2010 08:57AM
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Mar 03, 2010 09:07AM
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Mar 03, 2010 09:41AM

You have to spend money to make money and where there is a vehicle like FT available you would have to be living in your parents basement to know this wasn't coming.

6 million shares is a relative drop in the bucket compared to what other people's money could add to the resource. 10$ an ounce discovery cost is 2.5 million ounces and if the syndicate expects the same rate of return from their last 1.50 pp then there's only 1 way the sp is going.

When you consider the last FT was $20 million for 13.5 million shares about 1.5 years ago, I would say management is doing their job and the perennial haters out there are like Deliverator put it -

"They know not because they will not understand. None so blind as those that will not see. They have baffled their own consciences, and so they walk on in darkness."


Mar 03, 2010 10:17AM
8
Mar 03, 2010 12:06PM
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