RE:RE:Nice little move up the last few daysshorelunch wrote:
If they can't capitalize on this gold friendly environment, then they never will. We should know our destiny in the next 30 days or so is my guess. And if their "decision" is to keep drilling to a 1.5 million ounce reserve over the next 1.5 -2 years, which means even more fundraising, then we will know they have not succeeded in getting any serious financiers or corporates excited about AGG - the data room having been open since last August, which is an exceptionally long time....
I thnk the gold friendly environment is hear to stay. I also don't think the next 30 days tells the story. I would agree they haven't received 'serious' financing options. What I mean by that is something very company favorable and not a steal. I don't want AGG financing at these levels and if that means additional fundraising and dliution, I think we are better off.
There seems to be a real committment by the board to make this happen. The insiders are continuing to fund, which is a good think at the end of the day. If they need to get well over 1MM in reserves to get company favorable financing, then I'm all for it.
I'm hoping in the next 30-60 days they prove up the reserve over 1MM. I think then we will get a better understanding of the viability of financing. In the last web cast, comments were made that institutional investing has increased. There is a belief that 1MM is the line that draws in the institutions.
JMO, good luck, to all.