RE: RE: RE: Fall is Coming The overall Moly Markets are in teh dumps, check out any Moly Junior out there right now, and none of them have done anything but touch lows. Fact of the matter is that no matter how good we think the resource is here, the underlying issue for us is the Moly prices. We could raise the money, get some great drill results and the stock wont do much. People simply arent noticing and dont care what Moly companies, and a lot of juniors are doing in general. In these markets good news gets passed over, and great news barely moves the stock. Raising money and drilling with good news wont really move the stock if anything, and we wil be back to where we are looking for money again under .5 cents and facing massive dillution.
All I was meaning by that comment is that it might be to our advantage to wait until the moly markets start to gain some strength again, use the money from Pistal Lake to drill Nithi, and hopefully then the markets start taking notice and move the price of this stock to a point where doing a financing wont be so dillutive. We only have one asset to sell so if that doesnt do much were back to low price financings. We saw the same story last time we raised money and drilled. We made some major progress, but the markets still drove us down.
I personally would rather wait than be in the same position a few months from now, and we have already used Pistal Lake money, so our only option is going to the market for cheap money