GREY:STHJF - Post by User
Comment by
presto10on Sep 11, 2008 8:39pm
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Post# 15450260
RE: Sorry if I make you feel bad
RE: Sorry if I make you feel badIf you think David's going to be able to waltz into a bank and get non dilutive bank financing for a jr uranium co then I'll have some of what you're smoking. I've got a N.S. oil co. that has guidance for 30,000 BOE day in 2010, with 100m shares out, that had $50 million in the bank and had just turned down a takeover for $3 (shares and $1/share in cash) and within a month had to issue 75m shares at $1.50 in order to lock in the tentative $240m bank loan arrangement. Non dilutive bank financing for a jr. URANIUM co. is a non starter. Let's hope all of our jrs can survive this carnage but there;s a big bull's eye on the back of the commodities complex in order to try to stave off inflation and save the financials.