OTCPK:CRZNF - Post by User
Comment by
bullsnipon May 13, 2011 5:49pm
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Post# 18575000
RE:CZN announces $5 mill. P/P. WHY?
RE:CZN announces $5 mill. P/P. WHY? June 30/2010 CZN news release.
$2.5 million raised in flow through shares @.40 cents per share. 6,250,000 shares issued.
proceeds to be used for deep-hole drill program.
Nov. 8/2010 CZN news release.
CZN reports net income of $10.9 mill. for nine mths.
working capital of $36.5 mill.@ Sept. 30/2010
Dec. 23/2010 CZN news release.
CZN completes $2.5.mill p/p to continue a deep-hole drill program
3,571,421 flow through shares issued @.70cents.
March 17/2010 CZN news release.
CZN reports financial results for fiscal 2010.
net income of $18.4 mill.
May 11/2010 CZN news release.
CZN announces $5 mill. P/P @.90 cents per share.
if they have working capital of $36.5 mill. and they raised another $5 mill for diamond drilling
program.why do they require another P/P totaling another$5 mill.? poor timing,finish the drilling,
and come back in the fall for another P/P when our share price will be higher.it will be higher
won't it?? too much money for too few results!share holders should not be cash cow's
to be used at managements whim. enough already!