targetted money
in response to
by
posted on
Apr 05, 2009 01:46PM
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Actually, both recent posts have appeal to me. I think DW should continue to be cautious and focus on getting the DAR right, however, this Sept or so they will have to decide if they want to raise a little cash, say $2 or $3 million, with some of that flow through shares that must be spent on exploration. It would not kill us to see some equity issued this sept to Nov, especially if share price is somewhat higher. Say it's at 33 cents by November, with the DAR submitted, and they issue 6 million shares for $2 million for exploration and a Feasability Study for the winter of 09-10. That would be a nice balance in my view, as it ensures adding more ounces. THey could do a few more of those deeper drill holes to show more potential underlies the Ormsby resource, and such may help in the mine design as the underground stopes etc have to be planned, so knowing a bit aobut where the resources at deep depth are located would be helpful.
Surprising we all had any hope for gold during the G-20 week. OF COURSE they would set things up for a few nice positives, like loosening the accounting standards and otherwise fuelling a rally. It can't last, however, as the real economy is in critical care and no signs of actual recovery. Give it a month and we'll be back to reality.
SKELEG