GREY:ADAIF - Post by User
Post by
retep6on Mar 14, 2007 11:07am
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Post# 12415687
Interesting points of view.
Interesting points of view.Funny how the same news can be interpreted so differently by different people. But as they say, that's what makes a market.
Seems to me that on the face of it, you have about a 12% increase in the size of the float, and consequently a reduction in expected per share cash flow of the same percentage. Surprise, surprise, the shareprice fell by that amount, and deal was done at a price that reflects that expectation.
I've been adding today at $1.05, based on my expectation of a higher zinc price in the coming months.
Great to have the financing done, and to be able to get down to business at the mine. I'm sure there will be production hiccups, as there are with every start-up, but the mine will indeed be profitable, and investors with patience will be rewarded.
Good luck all.