Re: Shoreham and GOLD
in response to
by
posted on
Sep 02, 2009 10:05AM
I like gold and Guyana has gold. Does that mean I like Guyana too? Are they mutually exclusive or inclusive?
Lets see why this is a good stock. How about because they have done some good jv's? How about because they have scheduled production from alluvial deposits in Marudi mounting by Rexma in November? That alone should bring some much needed operating cash flow. How about the deal with Mulgravian? Mulgravian was so interested in the land in Guyana that they agreed to a warrant structure that has them exercising 1/3 of the 60 cent warrants by February 2010 (May 20 + 9 months = Feb 20??).
Gold is great, the agreements made so far are better.