RE: RE: Would African Barrick Want to Buy CAN??One most important element that Canaco has going for itself is cash. This gives us the opportunity to further advance this project. Investors that bought into the story at $5.40 would probably be looking for a double at the very least. Canaco is going full steam ahead in drilling to prove up our resource when most other exploration companies are forced to scale back their spending due to limited funds available. In times like this many exploration companies will find it very difficult to raise money. Many here were making comparisons on other companies that recovered far better than Canaco. It is only a matter of time that those same companies will all get hammered as Canaco did.
Both Europe and the United Sates are facing some crucial debt concerns that in my opinion will force GOLD to continue to rally.