Re: PP
in response to
by
posted on
Nov 01, 2009 12:19PM
The company is now known as FUSE Cobalt.
Just because they did a placement to the general public last year @ .05 does not mean that the next placement will happen in such a way.... What happens when investors sell their stock just so they can take up the PP means that every placement is under distress... I understand this may be addressed with who the next placemnet is underwritten with next time.
The Jeep project and the Horseshoe lake area ( Mike Power ) present unique oportunities in the context of the recent SGR hinge discoveries. It is only recently that the structural geology has taken president to the previous exploration models.
The fold at Horshoe Lake a prime target for exploration. Potentially this area could dwarf some of the other discoveries with additional width and grade...The fold providing the structural weakness for the intrusion of enriched fluids.
With this in mind funds may step into the fold here to provide cash ... a deal could come from a major or mid tier... This is an oportune time for such funding.
SO; if you sell on the speculation that you will just replace your position with placement stock, ... You may find that funding is coming via other means.
I have been in the last 4 placements, but I think the next one won't include individuals. That is why I decided to take advantage of the 141 offer of stock @ .10
Maybe I'm wrong but that seams to be the message I'm geting at this point in time.
I think the stengthened team in place, work progress on the Jeep, change in market sentiment, SGR progress and promotion...etc, will bring new eyes to Wildcat with the intent of making a significant investment in the company.
JMHO