RE:RE:RE:RE:RE:ICG sells nearly half of it's Eastmain shares blue;
I actually hope the money will not be used for the purchase of the Airport property.
As you stated there are other priorities that stand in front but I can’t help think of why Integra would just monetize $5.25 of $16 million in “marketable securities" ?
Some kind of deal has come their way that requires $5 million.
One thing I am not worried about is Integra getting into financial trouble. I have known Stephen from the Golden Chalice days and when he ran Rogue Resources, Stephen has proven as stated, “I will never let the companies finances get that low that they see blood in the water” meaning being funded long before the next stage starts.
I my opinion, Stephen will bring in a large financing for the next stage of development,, $40 million does not last long when you bump up your burn rate to $5 million per month in the winter drill season.
As to what the $5.25 million is for is anyones guess ? I am betting on the Airport Property.
I think we will see a NR next week.
M2