GREY:GRFJF - Post by User
Comment by
stocksnbondson Sep 20, 2007 7:43pm
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RE: C$30M Bought-Deal Offer at $3.05
RE: C$30M Bought-Deal Offer at $3.05I see a small acquisition in the cards as well. If not, I agree that shares should not be diluted either. These guys are great finance people. It's a good time to go to the market given the current price of WGI. I'd much prefer it now than at the sub $2.50 level we were at not too long ago.
They have a bit of cash still on the line of credit. That along with the 30MM should give the firm the chance to buy up a junior exploration firm. Let's just se how they spend the money. I hope the 30 million was in CDN funds? Sorry, bad joke for the Americans here. A good day today for gold and WGI.
Good luck all