Post by
diognees on Oct 05, 2010 12:43pm
Financing
Don't be surprised if PK does a financing around the 20 c level The till must be empty based on the last Quarterlies and their burn rate At this point Tam's cheques will soon start bouncing
Let's hope she doesn't decide to do it at 15 c
GLTA
Comment by
diognees on Oct 06, 2010 9:52am
Hmmm pb/zn both up to $1.03 and TAM SP backing off. Let's hope Ms P is not going to do a "Vulture "Financing under 20 cGLTA
Comment by
ALD on Oct 06, 2010 11:27am
So where do you think she's supposed to get the money to get PP started?
Comment by
diognees on Oct 06, 2010 11:54am
Given her track record I would not be surprised if the PP starts out at .17 then after a short period of no interest the price will be dropped to .15Just a SWAG but based on tradition.
Comment by
ALD on Oct 06, 2010 1:00pm
Look at what she did at CMM. If she can find a deep pocketed investor like Finsky, they'll be a ton of share issued but restricted. No bank in thier right mind would give TAM a loan.
Comment by
ALD on Oct 06, 2010 4:51pm
DIO,Well, you know they'll never raise the cash and keep the O/S where it is now (80 mill +/-). Her earlier attempts with CMM didn't work out so well but look where they are now. The majority of those shares are not free trading so thats the trade off. It'll be interesting to see what she can do. Lead and Zinc are rising so that helps the value of what is 'sitting" there.ALD
Comment by
TELEMARKER on Oct 07, 2010 12:37am
BAJ has got financing, sp up FCO similar