Ascot Resources Ltd T.AOT

Pretty quiet

[Kruithof]

Pretty quiet in ascot world these days, i want updates!

[wildhorse65]

I can't see how they are going to raise this money without more dilution. This is what I want to hear about.

[precom]

They will at forty cents do another pp. That what I am waiting for

[Shadow10]

Just wondering if you listened to Campbell at Amwest Capital talking to Derek White about delution? Derek was saying they would be using royalty companies to but back a 5% NSR for 14 million  from boliden and and find ways to get assistance from there largest share holder that it would have minimal delution to the share holders. Ascot has 80 millioon in the bank and it will take 70 million to

[precom]

I do believe they will down the road. When they closed that 200 million in January, three months later they also did a 4 million flow through pp. So that’s what makes me think there is another one in the works. To take this into production .

[wildhorse65]

Thanks Shadow. Yeah I remember him saying that that was what they were hoping to do. They are after 50mm or better if I recall correctly. I was told the other day that it's not possible to get it done without some dilution. I just want to see what kind of hit we are going to take, because I'm betting that we are going to take some kind of one. 

[Kruithof]

Lots of volume at the end of trading today, that's a good sign!