OTCPK:ASLRF - Post by User
Comment by
paulindoonon Nov 30, 2010 9:37am
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Post# 17775539
RE: RE: News - where did that bit come from
RE: RE: News - where did that bit come fromAh --- now there seems to be a pausible explanation thanks to my good buddy Sunjammer over iii.uk.
Below is copy/paste from sunjammer
Okay as I surmised correctly this morning and I am able to confirm from my conversation with Jim Williams few minutes ago. Xcap approached the BoD with institutional buyers for 6.7m shares, the only way without further dilution to satisfy this demand was for the BoD to exercise these warrants/options and sell to the institution. This is basically fantastc news as we have II support at a price of 31p. Arian are a strong buy below this price.
As regards Mexico, things are going very well. I understand that the drilling is also going well and a second rig will be mobilised to site this week. My guess is still therefore news in December (or early January) for first drill results - Jim would not say when for obvious reasons. Jim will be in Mexico next week. Apparently they now have enough ore stockpiled at the minehead ready for transporation to the millers which will undoutedly work its way there very very soon, I speculate here but don't be surpised for this announcement to be timed whilst Jim's in Mexico.
If anyone wants to independently confirm give Jim a call.