RE: What's Interesting.......
I am wondering if we have more news this morning. Interesting.
----------Original Message Posted 12/2/2010 10:42:48 PM----------
What's most interesting to me about this is who the underwriters are; TD and GMP. We're not talking flyweight boutique houses here. Frankly, I'm gob smacked these guys want to finance our little AGG because for these guys this size of financing is peanut's.
I don't like the dilution but given who is underwriting this financing I'm impressed. Me thinks we are on more radar screens of intermediate/senior industry players than meets the eye. It may take a while to play out but there is something up..
The next 6 - 12 months is going to be fascinating. With current cash, warrants and options in the money I figure we have $4MM, and assuming we see successful close of financing + another $12mm, and warrants from this financing a potential $6MM. We're going to be a very well financed junior. With this kind of cash the next 6 months is going to add some serious oz's to AGG resource.
GLTA