TSXV:PEM.P - Post by User
Comment by
BigBallerson Sep 02, 2009 10:55am
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Post# 16270660
RE: RE: Assay.
RE: RE: Assay.Hey nrw84it,
Not too sure if they are going to continue as follow. Such as their plan to do the 12,000 feet of drilling (Which is quite important). I think they lack the cash current to do that drill. So pretty much, they really need those warrant exercise or start a new PP to gain some funds. Hopefully this won't delay their Q4 plans of drilling Chrome Mtn and San Pedro, but who knows?
They don't really have anymore trump cards (I hope not). So their best option here is to release the new ASAP regarding the assay and hope their stock price goes up.
But I really doubt it will do much, as mentioned before, drilling #6 and #7 was meant to test the continuity (If we find high grades then great, icing on the cake). As such, I guess their main new that will drive the SP back up is the resource estimate. Otherwise I don't see how Premium will get those warrant executed.
As you mentioned, management should have a reason for doing this, hopefully they can raise that cash from the option.
I believe they have the results back, I think they are brainstorming ways to write a news release so that even investors with no knowledge can understand.