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Extract Resources Limited T.EXT



TSX:EXT - Post by User

Bullboard Posts
Post by rotten2coreon Feb 05, 2008 5:01pm
62 Views
Post# 14322190

Fire sale prices

Fire sale pricesAlso, their next cap raising will undoubtedly be on the TSX as we have been issued zero shares thus far and any shares purchased here have had to come off the Aussie exchange. I'm thinking this cap raising will happen in the next 3-6 months (After the intial is out and they are on a few more radars) and I'd bet they won't be selling at anywhere near these fire sale levels. This is an unreal management team. Bob Buchan has a "tad bit" of experience under his belt and will do what's best for the shareholders. They wont want to dillute things too too much so they will be sure the SP is up there before the new issuing. I'm going to take a wild stab guess at it and say 6 million shares @ $2.50/share to raise 15 million. (this is just my geuss and is more for fun than anything)
Bullboard Posts