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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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PhosCan Chemical Corp PCCLF

Energy Oil & Gas E&P


GREY:PCCLF - Post by User

PhosCan Chemical Corp
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Comment by Galahad1066on Jan 26, 2010 5:17pm
533 Views
Post# 16721387

RE: RE: RE: RE: RE: Tech Anal

RE: RE: RE: RE: RE: Tech AnalThey want to park their cash where it can make some money rather than in an account such as a money market fund.  This looks like it would be a passive investment only.  This is a disclosure thing so that investors are aware that their cash is subject to market conditions too.  Notice how they disclosed how money was made from currency exchange activities.  Given their (and our) mid term need for use of the cash, what good do you think it would do them to get into an oil and gas development activity which may not pay off for a long time?   Not being on the inside, we'll just have to wait and see.
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Dealroom for high-potential pre-IPO opportunities
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