RE: News Out.A couple of comparisons re the effects of the credit market and financing.
PTCH a company listed in US with Alberta Tar sands claims. Great potential and fields at the right place at right time but to slow to draw on getting cash. They opted to sell out the company and are in that process now.
Largo - LGO listed Canadian Venture, great vanadium deal in Brazil. They just went through the same financing process as MIR. They just a few days ago announced PP at $.50 ( non flow through) when stock trading above that amount. The next day they traded over 2 m shares like 20 % over the financing deal !
These are real players with LOTS of financing experience and they are having a hard time. Any success in getting the cash today is a real testament to the quality of the company.
MIR has been leaning out its cash flow problems, got its house in order so to speak. Should MIR be as successful as LGO in financing with PP marginally less than SP, well that I would now consider a very positive market sign.