OTCPK:MALZF - Post by User
Comment by
sampoon Nov 29, 2011 11:44am
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Post# 19274687
RE: RE: RE: Market Factors Notwithstanding....
RE: RE: RE: Market Factors Notwithstanding....mtsuit,It wouldn't surprise me if this is the route that is taken. When Brownlie was running Capital Gold, they did something similar with Standard Bank. Gold loans are actually a great way of minimizing dilution and getting projects off the ground for a fraction of future production. Would seem ideal in Oro's case, as any equity raises at these prices essentially kill the capital structure of the company.I own a small chunk of shares in Oro, mainly because Brownlie came on board. So far the investment hasn't been kind, but I'm still confident that this team can make Taunus a profitable producing mine in short order.