Atna Res Ltd ATNAQ

RE: Time to reverse the downward trend....

[the_ocotillo]

Real hard not to sell this thing in disgust. One thing that scares me, "Closing of the second tranche of the Gold Participating Bond Offering, announced on July 5, 2010, was deferred due to summertime market conditions in Europe and volatility in the gold market". I guess just as long as it wasn't cancelled we are OK. But cash balance is down to probably less than $5 million now. Not much time left if they don't get the Briggs mine running right. Funny, during the bear market in gold Canyon management chose to deplete their resource (at Briggs). Now with the bull market they can't make money on Briggs anymore. (Glad that's the property we chose to build our brand new "golden future" on. These guys are really good at flushing money down a toilet).