OTCPK:SSGLF - Post by User
Post by
FANTOMASon Jun 27, 2011 4:37pm
490 Views
Post# 18770672
PP - why now ?
PP - why now ?Some points on this PP:
1. Why now ? We had enough money in the kitty for the 2011 exploration program ?
2. Why not wait for drill results and do a PP at (possibly) higher prices after the announcement of assay results ?
3. Why priced well below market prices (FT is worth around $ 0.80 after tax !) ? Strange though, that we have seen a rising price today ! Will we be able to buy around $ 1.00 again shortly ? Today certainly didn´t show that way !
4. Good thing: no warrants !
Maybe it was done to let some people (not retail) in on favourable terms. I applied for this PP, let´s see whether I get a chunk !
FANTOMAS