GREY:MLGAF - Post by User
Post by
cookout12345on Sep 01, 2010 4:13pm
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Post# 17405437
tungsten producer
tungsten produceri think .09 is a gift. rcf (resource capital fund) from denver not long ago put a chunk of change up ($5M) at
.15/share and .25 warrants.
and then this nr today. this news should eventually reflect positively on the only publicly listed tungsten producer in the americas.
And,
Geodex Minerals (
TSX: V.GXM,
Stock Forum) late Tuesday reported that Northcliff Exploration Ltd. of the Hunter Dickinson group has signed an agreement to acquire a 70% interest in the company's Sisson Brook tungsten-molybdenum project in New Brunswick. Northcliff will fund expenditures of up to $17 million, including the completion of a $1 million private placement in Geodex at 30 cents per share,
a 160% premium to the closing price on August 30, 2010. Geodex shares jumped 13% to 13 cents on Wednesday.
tungsten just hit $240mtu low and $246mtu high today while mlg produces the stuff at around $110mtu...