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Diamonds North Resources Ltd V.DDN



TSXV:DDN - Post by User

Comment by Ogre2on Jul 17, 2009 1:32pm
487 Views
Post# 16146410

RE: More news

RE: More newsMy guess is two-fold.
First, the current financing, which from my last estimates, gives them enough money to do their bulk testing, etc on their diamond prospects, is fine.
However, if they wish to do work on their gold prospect, which did not exist in their past financial plans, then they would need to acquire some more capitol to do so, hence more flow-throughs.
Secondly, they are continuing their future cash flow with the 20c warrants, without having to make another flow-through financing.  The problem is that their past future financing was at much higher warrant prices, so that access to capitol is choked off.  Hence, more flow-throughs.
Cheers,
Ogre
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