GREY:GRFJF - Post by User
Post by
bstephanieon Feb 06, 2008 1:05am
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Post# 14323859
Western Goldfields - What ''s Next ?
Western Goldfields - What ''s Next ?What's Next for Western Goldfields ?
That is the question Cannacord posed - the analyst suggests the Company will use its cash on aquiring another mining concern to propoel its future.
The company has nothing in the project pipeline that could provide future growth. With the re-start of the Mesquite mine complete and a growing cash flow profile, the company could look at M&A opportunities to find a new project to invest its operating cash flows and provide it with production and resource growth. Following a 9.84 million unit equity offering that closed on October 12, 2008, Western ...
from the market letter of Feb 5 at
www.amprogram.com