Two possible corrections to Hubert's analysis,
Hubert said,
"Romarco for example got a 20 millions+ financing just before announcing their "bankable" study (at 38cts + 1/2 warrant!!)."
But from Romarco's website it says:
Feb 3, 2009
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce that a Bankable Feasibility Study on the Haile Gold Mine project in South Carolina has been completed.
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Feb 12, 2009
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) announced today that it has entered into a bought deal private placement offering with a syndicate of underwriters led by Macquarie Capital Markets C...
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Also, Hubert wrote that, "It is interesting to note that Puplava and Sprott while being huge Tyhee's holders do not help in any way for new financing."
That doesn't seem right, as Tyhee paid JP over $ 17K for his help in last Summer's financing. And, we (I) just do not know for sure if Sprott is or isn't helping.
Cheers,
Baires
