Adanac Molybdenum Corporation AUAYF

RE: RE: What Happen? Stocky

[grumpymonkey007]

I hope Mike's Interview was enough to change your mind?

"It's difficult to get anybody's attention when the house is on fire," Mike MacLeod, Adanac's president and CEO, said yesterday in an interview. As the scope of the credit crunch has widened, the plight of junior mining firms, hoping to go it alone and build projects without the financial help of senior producers, has taken a dark turn. "


-----------------------------------------------
GM, --->>Home Depot's inability to raise money on favorable terms for the M&A is an example of what I am talking about [Adanac's financing difficulties]<<---

Stocky--->>Yeah, but Home Depot is tied pretty closely to the housing market, which we needn't discuss.<<---

GM--->>> It is in the lenders best interest to get the best terms they can and Adanac has little in the way of leverage given the health of it's share price of late.<<<---

Stocky--->>Little to offer except the revised feasibility study. There is no doubt a credit crunch, but lenders lend money, that is what they do. I think a lot of money will be going into the resource sector. <<---