GREY:CATXF - Post by User
Comment by
mudguyon Nov 28, 2013 10:39am
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Post# 21949754
RE:My take is that juniors are going to suffer for a long time
RE:My take is that juniors are going to suffer for a long timeI'm sure not happy to see Denby getting paid this kind of salary,and I'm less impressed with the repricing of options. I am sure the 5c value was forced on them by the exchange. At least that forces management to aim high (500-1000% from sp today).
It seems rather inevitable for some kind of fund raising and at these share prices, a consolidation is probably needed. Hard to say what the terms will be, but they need some money.
The entire market is getting ground into the dirt. Some companies are going to disappear, but we have a good asset in a good location, even with the new Mexican mining tax.