Welcome To The Canadian Imperial Venture HUB On AGORACOM

Identify, Focus, Develop.

Free
Message: Mclaren shares trading again - mcl

Hey Rico,

Just took a look at that news release. Nice jump if you owned Mclaren a few months ago. I like that they are attempting to raise money for the drilling in the spring....but $170,000 dollars isn't really going to do much. It would be like pissing on a house fire. Not sure of the exact wording but I got the impression that Mclaren had lots of money in their pockets or the access to lots of money somehow. If they are planning on doing Private Placements to raise money we could be waiting a long time for enough money to drill several holes...not even taking into account the cost of anaylsis and results.

I'm still optimistic but until I know more about Mclaren and their finances lets call it cautiously optimistic. If you have found anything more on Mclaren or their finances send me the link or post the particulars.

Thanks

Share
New Message
Please login to post a reply