GREY:ADAIF - Post by User
Comment by
JonEcashon Mar 16, 2007 6:44pm
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Post# 12434640
RE: Increased financing.
RE: Increased financing.Sadly, I'm in agreement with your questioning of the extra dilution now. One would think that a company would want to do as little as possible at this price level. Do they really need the extra $2M right now? They should have just obtained the minimum cash that they required to start up zinc production at the mine and use those cash flows to address operational requirements. The extra subscription interest is a positive, but even if this company does everything to perfection, the overhang will be a drag on the price for a while.....
Still haven't rebought my shares yet. So now I'm reconsidering my plan with this one. GLTA.
J$