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Horizons Australian Dollar Currency ETF T.ASD



TSX:ASD - Post by User

Comment by Piranha7on Jun 16, 2009 11:29pm
181 Views
Post# 16076373

RE: RE: RE: Financing Commentary

RE: RE: RE: Financing Commentarythey can stay in debt till the SP rises with better news from south america. if the SP is $0.5 instead of  $0.05 then the proceeds for the 40M shares (33%dilution) will be $20M instead of $2M , that , would be a good move to pay off debt and have funds for exploration. their curent move indicates to me that they don't expect the SP to rise any time soon, and that's the way i read and understood their NR. i still have this stock on my radar, but there are better plays out there at the time being, and i mention again WTM.T....they have 4 drills working on one property (with excellent first results, they own 40%), another 2 on an adjacent one (cause they think the strike zone could be elongated into this 100% owned property)  and 4 others on the way to other properties, check their website and see how professional they are in presenting their projects and what is going on with company. i'm not pumping the company as good companies don't need pumping, good companies let their work do the talk. do your DD.
cheers!!!
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