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Message: Re: don
Icon president don

Oct 07, 2010 10:39PM
Believe they are doing a debt and equity financing for their portion of the mine costs.Right now they are in europe doing a roadshow in england and then germany I believe.Monday there is a conference in london.I think after next week things will become clearer.Either the european roadshow is being used to bring in new buyers to push the stock up or it is being used to set up a new group of players for a financing.Based on the recent stock trading in this tight range I will lean towards the latter with the price being around the .25-.27 range.I had suggested a rights offering so existing shareholders could participate in the next financing.In a roundabout way,I would say the answer was no.They are hoping that alot of the warrants in the .20's get exercised.Also ,drill results have come out roughly every 6 weeks for the last little while so I believe we are due dor some results in the next week or 2.
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