Euro Sun Mining Inc T.ESM

Running out of cash?

[technodyke]

Just dropping by, long time lurker here from the CPN days, I see that the company has been getting used to announcing oversubscribed private placements these past years, this time looks different? Unless I'm mistaken the latest placement announced No. 29 has not closed?

Seems to me like the punishment on the stock is clear indication to management that this can't go on for another decade of succesive rounds of dilution. I'm no pro at reading financial statements but it sure looks to me like cash will soon run out. Dangerous situation!

Aside from an even more massive round of dilution at a lower price per share, what's the solution?

[kynarr]

The one solution would be for management to show confidence by buying shares on the open market and releasing news while communicating efficiently. This would allow warrants to be exercised, which would easily fund the company until construction or sale.

[IvanRo]

As much as I agree with all the sentiments on here. The below just been released which now paves the way for an LSE Listing. NPV increase to USD 630m or so. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/746-tsx/esm/115601-euro-sun-increases-npv-by-41-to-630-million-at-the-rovina-valley-gold-copper-project-in-romania.html

[abcd2020]

u know that fatty will be upset. if he cant get money to pay his fat piggy funds bank. see from Q1 to now Q3, never complete a task on time.