GREY:PTVYF - Post by User
Comment by
supserstaron Jan 26, 2011 12:51pm
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Post# 18029285
RE: Still no news...
RE: Still no news...I don't think Tartaruga will make or break the company.
First of all, I am convinced one of the zones will flow enough to materially move the stock. Hopefully this bottom zone will do the trick but if not, the bigger one higher up should. It would be shocking to me if it didn't.
Second, if for some reason they can't do either one, they still have Morichito to drill. I realize the paper necessary to issue would be onerous but these guys are well connected and will be able to raise the money. admittedly it would be from a lower price but even with say 20 million more shares at .15 if they did it there...the .30 warrants would probably not be exercised, so the float wouldn't change much...and if they get Morichito to flow as they should the stock should go back to the .25 cent range even with the extra shares raised at .15.
They don't need to raise $10 million to drill Morichito, more like $2 million. If Tartargua is successful and they can get the stock to .30-40 maybe they raise $10 million but I think that would be nuts. If I were them if Tart is good and the stock goes to .30 I issue 10 million shares only and work hard to promote Tart and Mor to get all the warrants exercised and that would give them all the money they need.
So if Tart works out things are blue sky, but if not I doubt the company is broken, just dead for a couple of more months.