GREY:GMFLF - Post by User
Comment by
blackjackallon Jul 08, 2008 1:28pm
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Post# 15268809
RE: Global Minerals closes $543,000 first tranche
RE: Global Minerals closes $543,000 first trancheI think this clearly is a case of this being either a glass half full or half empty. The optimist will say it shows they can raise some money and maybe will raise more. Others will say they could only raise half of what they were looking for. To have to break a $1 million private placement into more then 1 tranche tells you the difficulty they are having in raising much needed money. Time will tell if they can raise any more money. I'd have to believe that they will need much more then just $543,000 to move forward.