GREY:ADAIF - Post by User
Comment by
Almelindaon Nov 20, 2008 9:27am
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Post# 15598191
RE: RE: Canadian miners facing huge cutbacks
RE: RE: Canadian miners facing huge cutbacksHello Knuckles2,
I sure like your positive attitude for the future of ADA and sincerely hope you are correct.
I recall the last downturn in the commodity sector in the 1990's when many of the small companies with depressed stock prices, had to do reverse splits in order to make prices attractive for private placements. With the current credit crunch, this may be the only way mining companies will be able to raise money, unless ore prices increase sooner, than later.
Let's hope that ADA has a plan in place that will cause us as little grief as possible when this market recovers.