RE: RE: RE: MOZMi viejo tC, thanks for reading the posts expressing my latest MOA cerebral machinations.
'Frank'ly and IMO, the 'inside' news is out, along with Glover Island,Little River and the new VL resource estimate. We retail types will be the very last to know.Marathon Gold, the operator of the VL Project, has just been underwritten to the tune of $10 million.................on the basis of what, lol? Though I have no brokerage accounts in Canada, lead underwriter Cannacord IMO is more of a retail Street player than Sprott - of course, I stand to be corrected.
So, if the drill results at J.Frank for Marathon Gold are used as 'bait', can achieve this very large financial package, and MOA, with 50% responsibility at VL with additional plays at Grover Island,Little River and Bobby's Pond, certainly it seems reasonable to believe MOA's treasury needs as much cash as Marathon Gold's for 2012 - and that's another $8.5 million if one does the calculation.
Can MOA capital structure withstand another 10 million share dilutional hit? Well, according to many on this board, one million ounces of gold is almost a certainty - haha, just like in December of last year when the pumping started on this BB. Now some posters talk of two to three million,lol.
With a slower drill season upon us, I'll leave it to our Leadership as when best to go for bucks but the J.Frank results certainty brought new attention to our company and that's good!
There was an old radio commercial I listened to while growing up in Toronto. It proclaimed " why wait for spring, do it now" and that's my what my instincts say will happen.
BTW, your comment about 'takeover' is certainly a possibility if further excellent results are achieved at VL in 2012 - Ridgeback's mention of Stillwater is a very interesting speculation.
Anyway, just my meandering thoughts and all the best,
DSH