GREY:CPYCF - Post by User
Post by
2guyson Sep 07, 2012 3:34pm
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Post# 20334295
Copper Mountain Moving Higher...
Copper Mountain Moving Higher... I believe that CEC still has 1.3 million Copper Mountain shares left in case they need to raise further cash.
Don't know if more shares have been sold, but as of their last financials they held 1.3 million after disposing of a further 376k Copper Mountain shares.
At current prices that gives them about $4.4 million available not including cash on hand. I'm confident that CEC won't need financing in the near future and they have adequate funds to carry them until a decision on the Raven EA permit is made. JMO