GREY:MPRXF - Post by User
Post by
ERealon Oct 09, 2011 3:43am
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Post# 19133124
Financing
FinancingThe company will need a financing soon. We need to see some good results from Monument Bay, or better yet, Headway, for it to go well. I don't think its likely they'd do so small a financing as $3 million, which would keep them going for two and a half months and frankly that's a bit of a ridiculous thing to say. On the plus side, the company seems to be well connected - the last financing at 80 cents was made at a 25% premium to the share price, and with no warrants. I'm hoping our company can manage to finance at a higher price than this. The rally we are seeing is based on NIA pumping and volume was quite decent on Friday