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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canada-based exploration and mining company. The Company has ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, the Company also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. Its Scotia Mine is located approximately 60 kilometers (km) from Halifax City Centre, 33 km from the Halifax Stanfield International Airport and 11 km from CN's Milford Station. Its Eastville Prospect is located approximately 50 kilometers from its Scotia Mine. The mineral rights covering the western portion of the Eastville Prospect are held by Scotia Mine Limited, a subsidiary of the Company, which has exploration licenses 50691 and 09674. Its Carrolls Corner-Carrolls Farm Prospects has two highly prospective exploration targets in close proximity to its Scotia Mine. The mineral rights covering both prospects are held by Scotia Mine Limited.


TSXV:EDM - Post by User

Bullboard Posts
Comment by glasspar58on Jun 09, 2008 10:49pm
268 Views
Post# 15164555

RE: A conservitive drill program is okay....

RE: A conservitive drill program is okay....Hi Frozen. 

I remember when a big new drill program was announced and the placement was reduced by 25 % after that announcement.  Seems like a tough environment to raise money esp. when you have a figure and the market somehow beats the stock down prior to the closing of the placement forcing a lower share price offering.  Go figure on this one.

I do believe there has been an ongoing search.  Albeit, once started then stopped for the last great drilling, the momentum of the NY folks you would think would continue.  I guess were back in the hunt...I don't think this ever stopped in the minds of those that may want a 65 billion $ deposit.

Find a new CEO...well, this could be done and from the posts here over the last two years it would seem that a lot of pressure has been put on HM to resign.  Resign for why?  Because he proved up 400 mt to start and this is the beginning imo.  Resign...????  I think HM knows what he has and sometimes this is a good thing.  Apparently the manipulation knows it too.
Bullboard Posts