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Mercator Minerals Ltd MLKKF

Metals & Mining Industrial Metals & Minerals
Mercator Minerals, Ltd. is a mineral resource company engaged in the mining, exploration, development and operation of its mineral properties in Arizona, United States and Sonora, Mexico. The Company’s principal assets are the 100% owned Mineral Park Mine, a producing copper-moly mine located near Kingman, Arizona and the El Pilar Project located in Sonora Mexico. The primary focus of the Company is the expansion of copper production and molybdenum concentrate production at the Mineral Park Mine, and the development of the El Pilar Project. Its other projects include The El Creston molybdenum property, which is 175 kilometers south of the United States Border and 145 kilometers northeast of the city of Hermosillo; Molybrook, which is located on the south coast of Newfoundland, and Ajax, which is located 13 kilometers north of Alice Arm, British Columbia.


GREY:MLKKF - Post by User

Mercator Minerals Ltd
Bullboard Posts
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(42)
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Comment by ElJon Jan 09, 2009 1:28pm
433 Views
Post# 15694407

RE: RE: RE: RE: RE: another NR...increased financi

RE: RE: RE: RE: RE: another NR...increased financiYes ugly dilution from 74.805 million  shares O/S and 86.02 million  fully diluted to potentially 107.5 million shares O/S and 135 million f.d. all in addition to the market crash from over $12 per share in mid-year 2008 to $0.29 close on Dec 18, 2008.
I have been a purchaser in the $0.40's as previous posts here reflect......I consider the most recent financing with mixed feelings, but primarily as good under the overall circumstances......clear decision in my perspective to finish the planned 50,000 expansion and not reduce CAPEX and "hunker-down" at the current 25,000 expansion phase.....this is excellent news looking out 2 years IMHO........however the dilution is very considerable, but it is what we now have,
Peace,
Good Decision-making to All,
ElJ
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities