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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Comment by wardonruleson Apr 06, 2010 2:21pm
415 Views
Post# 16961596

RE: I think that is an old halt

RE: I think that is an old haltBest to call them. The $900k they recently raised was to get Shakespeare running. The loan facility is not for anything but a front while they wait for ore payments. Thus, how can they drill with little cash on hand. No doubt some cashflow will come this year from operations and with nickel up it should be ok. Our CDN$$$ goes against the gains but over all, it should be ok. Of course, maybe they are trying to work it down to do a cheaper finance for a greater reward later. JMO. FH would suggest calling IR. Blogs are BS most of the time with the truth buried in the nonsense.
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