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TSXV:YLL - Post by User

Bullboard Posts
Comment by RGS1on Jun 06, 2006 1:07pm
190 Views
Post# 10952370

RE: MORE BETTER NEWS

RE: MORE BETTER NEWSwhy would the company need $4.5 mil US ? If you are reading the cash commitments for earn in on a property deal then you need to read it again. It is "EARN IN" meaning that the company spends money over a period of time, usually 4 to 5 years to earn a percentage of the property. If in year one, the company is committed to spending $300,000 and does, but finds nothing then they walk. This prvents the dilution of the need for $4.5 mil ???
Bullboard Posts