Moneta Gold Inc Com MPUCF

RE: Anybody have any idea why..

[ACESover]

I am no expert but if I read it right $5.6 million was on a flow through financing basis at .49 cents and flow through financings fetch a premium to the going price because of the flow through tax beaks. From the news release two " hard-dollar institutional investors" took down all of the flow through accounting for $5.6 million as well as another $1 million done at .35 cents on a regular financing basis. All I can say is everything Ian told me a 2-3 months ago is proceeding as he planned. Ian is taking a very aggressive approach to drill the shite out of the properties and expects to double the resource to 2 million ounces and feels the Moneta properties could hold more than double that figure again. Ian is an admitted bean counter and financier but I believe his money nose is on to something good here. 

"Drill hole wedge MSW10-162G is the third significant intersection into the 273 zone returning 3.45 grams per tonne gold over 26.13 metres, with high-grade zones displaying strong gold continuity of 7.96 g/t Au over 5.60 metres and 5.12 g/t Au over 12.45 metres. These -162G results indicate a broad, previously untested and well-mineralized corridor in the Southwest zone's East block and extend the east-westerly strike to 130 metres and vertically to over 150 metres."

"Drill hole 162G has confirmed that the previously untested Southwest zone's East block contains significant grade over substantial width and remains open in all directions for further resource expansion. The recent results are particularly encouraging as the geology and mineralization style of the Southwest zone's East block is the same as the Southwest zone's Central block"

ACE$.