RE:RE:RE:RE:GREAT POSTS Hedge99 wrote: Hey BC and Ike, I fired off an email to Cathy and Tim citing concerns about the amount of cash remaining for operations, and my fear of doing another raise at levels around here. Tim said that he and Steve have discussed money saving solutions to help slow the spend a little. Work on the JV may slow, but Moosehead is full steam ahead. Tim mentioned they will be looking for financing Oct or Nov to support the 2023 season, so let's hope it is completed at a .40 or .50 level Hedge
Thanks Hedge99
I am glad to see Tim and company realize it is prudent to slow down a bit. I would also be okay with a capital raise at the $.40+ level {However previously I posted several months ago that I wanted the company to be in a position to do a much larger raise much higher. Say $0.70+. ]. We need some real good news flow around Moosehead, and I mean really really good in this horrible macro environment to catch attention over the next few months to get to these levels. The same old same old at Moosehead, which are excellent results in a stable junior gold market, are insufficient to get us there. We need to have some larger intersections which begin to create some type of easier to follow story which creates speculation and excitement. Otherwise we are doing a much smaller raise at a lower price unless the macro changes.
The good news is that 4-5 months is a long way off and things can change very quickly.
GLTA
BC