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Cipher Resources Inc DREXF

Metals & Mining Industrial Metals & Minerals
"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."


GREY:DREXF - Post by User

Cipher Resources Inc
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Post by Mexicanelephanton Jun 05, 2008 12:07am
204 Views
Post# 15147199

Broker says next placement above 50 cents

Broker says next placement above 50 centsWill be a raise of $2m, to fund drilling

Thats $9.5m market cap, almost 4x the $2m market cap now

Seems cheap considering what they have

Anyway, broker says all the selling being done by a family's administrator. Family hit by UK real estate losses, selling DOX in several accounts, cannot wait for news, bank says must sell certain number of shares every week. Not sure if that will be chewed through before the news but on day of news for sure.

Too bad for them

Good chance to grab DOX on the cheap

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