Just a Brutal sell off across the board

high grade gold & moly

15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.

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TIM9LIVES

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Just a Brutal sell off across the board

posted on Dec 19, 2007 02:41AM

It's nothing but RED,,,,and I thought Crhistmas colors were Green and Red,,,,,oh well...

I agree that the PP was thankfully priced a little higher,,,but this dilution does not make me happy,,,,and the only answer is to start production IMO.

Below is what I would like to see management do at this stage.

Sell a NSR to International Royalty or Royal Gold to raise the money needed to start production,,,as this would seem better than further dilution,,,because the NSR would only be tied to one property,,,and then cash from production would further the company as a whole,,,,better that direction than continued dilution of shares at prices below 1.00 a share,,,at this stage I see 200 million shares outstanding 12 months from now,,,,and I find that totally unacceptable.