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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 JoeBloon Jul 11, 2007 7:05pm
145 Views
Post# 13073871

RE: what are you guys suggesting as alternative ?

RE: what are you guys suggesting as alternative ?mooseman, like I said before, the important suggestions have already been made and are in the PAX postings. One suggestion - very simple and obvious to many that own SWN - is for management to stop with the warrant give-a-ways. Look at all of NG's PPs and add up their warrant give-a-ways (if you can find any) then compare to PAX (now SWN). And NG explored their property in a harsher environment than PAX, and with ore worth far lees per ton than PAX, and with an ore that is costly to process. There are other suggestions, but they are in the postings... Note that only a company that has very poor investment connections has to issue the frivolous amount of warrants PAX did. Successful company's have ALWAYS hired someone that is well connected in the financial world because they understand the importance if minimizing dilution.
Bullboard Posts