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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canadian exploration and mining company that has full ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, it also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. The properties are comprised of exploration licenses and a mineral property lease that provides for zinc and lead exploration and development. The Scotia Mine is located approximately 62 kilometers (km) northeast of Halifax, Nova Scotia, in the Halifax Regional Municipality. The Project consists of about 648 hectares (ha) of mineral rights in the form of three contiguous mineral leases. It also holds five exploration licenses covering 41 claims in the immediate vicinity of the Scotia Mine Deposit. Its Eastville Prospect is an undeveloped zinc-lead exploration prospect. Its Carrolls Farm and Carrolls Corner Prospects are hosted within the Gays River Formation.


TSXV:EDM - Post by User

Bullboard Posts
Comment by Kruzer70on Jun 19, 2007 7:29pm
132 Views
Post# 12967884

RE: lol.......kruzer......what?

RE: lol.......kruzer......what?"Hilarious. Counting fictional warrants on a fictional 200 million shares. You are assuming the stock stays at .70 cents. What if the financing is at $3? $4? Why not? You have NO way of knowing what this does next week, yet 2008. What if Korea Zinc buys 10 million shares based on Net Asset Value? There is 100 options right now.....and you are counting possiblewarrants on 200 million shares. Ridiculous!" ********************************************************************* First off to Frozen, I agree talk about a billion shares is silly.....I hope. TG; The company will have to come up with more cash and they will have to do it soon (certainly before the end of the year). You have alot of nerve to ridicule the idea that this issue could occur at 0.70 and then put forth the idea that it could be done at a price of $3-4!?!. You are the one that is hilarious. One more point about a 3 to 4 dollar share price. You won't be alive to see it. Not because it won't get there but based on how excited I've seen you get over a 0.05 move, a move to $3.00 will give you an aneurysm.
Bullboard Posts