Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Nice to see some feedback

Nice to see some feedback

posted on May 01, 2009 07:28PM

Nice to see some feedback on the reverse split idea. Especially the constructive stuff.

I have another question.

I'm not too certain how much money Neil has in the bank. And remember, the private placement didn't fly last time because either no one wanted to buy SPQ or time ran out (private placements are time delimited). So the 'new' private placement is not a done deal. If you're not too certain how they work, it's time to find out.

So I'm guessing that Neil has $3 mil in the bank. This money need to go towards 'operations' and (as some are suggesting) exploration. Although it is much understanding that the new flow through money (if the PP is closed) will be used for exploration.

But what happens if the money runs out?

Just wondering? Constructive input requested.

Snug

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