OTCPK:STADF - Post by User
Post by
Monedas1on Dec 13, 2005 10:02pm
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Post# 10016085
BAD News maybe and Good News
BAD News maybe and Good NewsThe Board members have been busy. BAD NEWS maybe? St Andrew is doing a private placement offering of 46M flow-through common shares for gross proceeds up to $6M [See Kitco]. With the Kinross deal, St Andrew has too many shares already for my taste but with production around the corner, maybe this fact is not that critical in the long-term.
The Good news is that the price is $ .13 per share [might have been lower], insiders are buying 50%, and the money will be used to fund development and Exploration of Timmins and Eskay Creek.
Comments???