Dolores Mine - Sierra Madre

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Message: Minefinders to raise C$66 mln in bought deal

Minefinders to raise C$66 mln in bought deal

posted on Sep 17, 2009 11:50AM

http://www.reuters.com/article/marketsNews/idAFBNG41714020090917?rpc=44

...The company said it plans to sell 6.2 million common shares at C$10.65 a share...

I just spoke with Mike, these will be new shares.

10.65 CAD = 10.05 USD. This is the price at the moment.

What you believe this means for us "normal" shareholders?

I expect the price to stay at 10 USD, no matter that gold will go up or will decline. I begin to think it will be good idea, if gold fell, to sell ALL my MFN possition and to buy different company, that will "fluctuate" together with gold prices.

Any ideas?

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