posted on
Nov 14, 2007 06:38AM
Welcome to the Creston Moly Corp. Hub
One of the best undeveloped molybdenum resources in the Americas.
Message: Creston
On the downside is the high number of shares outstanding for Creston which relates to the high cost of acquisition of the property, $20M cash and lots of shares. This may hurt Creston's ability to raise more capital for continued development. It certainly accounts for the woe share price lately. Creston has a $65M market cap compared to Geodex's $55M for a comparable deposit. Creston has 115M shares and Geodex 55M.
Does anyone know if Creston is anticipating a PP or does it have enough cash for now?
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