Santacruz Silver Mining Ltd V.SCZ

private placement

[cobills]

Suppose to close on or before march 26???News release??

[cobills]

Let me guess they need an extension on closing.Not sold out??

[cobills]

Another missed deadline.Mgmt is incompetant.

[MacRellen]

Seems improbable that they would have upsized the PP from 12 to 14M if they didn't have the investors they needed to fill it.

[cobills]

Why has it not closed yet.Company said march 26 or sooner???

[MacRellen]

They shouldn't have set a date like that when they weren't sure that they could keep to it. Still, I'm sure they're gonna get the 14M fully subscribed. We'll know soon enough.

[Blazesb]

Mgmt is doing what smart mgmts do when the money is out there: they grab it.  It's bottom line bullish news proving the SCZ/silver interest is out there.  From the day the Zimapam purchase was announced the dilution was inevitable. There's an awful lot going on across the board in all markets.  It feels like precious metals are an afterthought.  That will change. 

[cobills]

Smart mgmt.??They did deals at 10% and7.5% .The highest i have seen any compny pay in the last year.It also took 6 month's to close a deal and that was with an extension.They up the private placement and can't close it on time.This is what you call bad management.

[Blazesb]

Mgmt has paid the price of doing business.  Nothing more. Nothing less.  SCZ is a play on leveraged upside to the price of silver premised on a BULL market. It is a situation in which literally no price is too high.