GREY:ABGFF - Post by User
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Antennae1on Sep 14, 2011 10:40am
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Post# 19040720
RE: RE: American Bonanza Announces Proceeds of $4.
RE: RE: American Bonanza Announces Proceeds of $4."so why did they sell?"It's just speculation, but one quote from a Kirwin interview several months ago stands out at this point, in light of the fact that the "fully funded through to production" statement has never been appended to say that they were not fully funded, and taking into account that their bought deal also brought $6 million into the treasury. It would seem they're accumulating cash, so for what reason?"Racz: Now let’s jump to April 1, 2012. Sitting on $30 million cash, what will you do in your office that day?"B [Kirwin]: On that day we will be well into either acquiring or already working on developing our next mine."https://www.andrew-racz.com/Brain-Kirwin-President-by-Andrew-Racz.html[The misspelling of Brian in the link is theirs, not mine.]