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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by stockarchangelon Apr 28, 2008 5:16pm
142 Views
Post# 15016875

RE: Chinese are buying 20%

RE: Chinese are buying 20%Thanks for that update cmunny. That is certainly good news, if true - I had almost given up hope.  The latest 10Q says there are 40,385,864 shares outstanding, as of April 21, 2008.  Assuming they issue the Chinese another 10,000,000 to reach the 20% level, at .15-.20 per share, that still means a cool $1.5-2.0 million for the coffers.  Somehow I think that the offer might be higher, maybe .25-.30, with incentives to pick up a larger chunk of the company if the properties pan out.  Cash affords them the opportunity to do their own exploration, on their own terms, with their own timelines and interpretations.  No more reliance on Canaco, which is more than welcome music to my ears. 
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