GREY:STACF - Post by User
Post by
dc12on Aug 10, 2006 11:56am
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Post# 11208610
financing
financingI spoke this morning to Jasmine at IR; they still have 15M in cash, burn rate of ca. 2M/month - so, although she wouldn't comment on when a financing would occur, it seems unlikely for now. She pointed out that the spring financing came free trading on July 31 - 17M shares (+ potential 4.3M from warrants)
like most co.s, their assays are delayed at the lab; they only have a few back so far
in addition to the Asian visitors at the site, they have had a number of analysts there who were positive
the Yukon government's feasibility study on the rail line was due mid June, then mid July, so still pending but being pursued