OTCPK:IAUFF - Post by User
Comment by
b00gn1shon Sep 19, 2007 5:13pm
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Post# 13429911
RE: Well, the logjam is broken.
RE: Well, the logjam is broken.Well, they shouldn't need to raise capital if this deal is approved. I believe they have enough cash on hand to float until then, especially with the "loan" from Emperor. It is my understanding that the deal was done particularly to bring in cash without having to go to capital markets. Who's to say?
I agree with Cruise56 that this type of dilution is preferable to other forms, as we are still able to capitalize on rising prices of gold and silver. I'm afraid the only thing that EMP brings to the table is cash, but no prospects. Perhaps I'm wrong.
We got a 1,000,000ish sized block buy today. A lot of selling in EMP since the announcement, which is likely to be DROOY shares. Appears that there is buying interest there at those levels.
I'm now monitoring 6 tickers for information pertaining to Intrepid. IAU.TO, IAU.AX, IXN.TO, IAUFF.PK, EMP.AX, AUU.V ... yee gosh. The latter is their JV partner in Mexico.