Re: Financing N/R
in response to
by
posted on
Dec 26, 2009 05:01PM
I have to agree about the negativity BUT dam he has a point.
What public company announces a major financing like this after market close, on Christmas Eve, with about a week of no brokers watching to see what is happening. This is huge news and to waste it like this is stupid!
Now this money can only be used for the Canadian Properties unless they are going to do what they did two years ago and use it then pay the tax man at a later date. Good luck to the CFO trying to stick handle that one through CRA if that is going to be the case. I think the last time CRA were very lenient on the company.
So here we have something happening and some are thinking that the split is going to be 1:1. Think about that again as it just does not make sense. Marudi Gold will want to do a major financing after the split and with 60 Million plus issue and o/s just does not wash. If they had 6 Million outstanding then it makes sense boys. So why split? Why spend $500,000 to $750,000 listing another company? Why can't they just sell those Canadian properties off, take what they can get and run. Then get to business in Guyana where they need to show progress, pay the bills and actually put a drill into the ground.
Something just does not sit right with this Company and I hope they announce the AGM soon. Yes it will be in British Columbia and my guess in their lawyers office so save your money for a plane ticket and be there. Then hit Bending with as much negativity as he will take but make the questions logical and sensible and do NOT go in there flaming as Bending is real good at turning the volumne down and putting people on ignor.