RE: RE: likesmoney this was funny You must admit in today's market raising that kind of cash is impressive.
But Bob - wait for the news announcement on the purchase of a $10M+ piece of equipment that will be needed for the mine. Lead time to order is 2 years. Deposit is needed.
Or maybe AAA will buy FED for $20M as management of FED doesn't seem to be able to produce even drill results on time.
When FED is out of cash you will understand why taking money is a great idea for AAA
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The real question you should ask yourself , clueless is why raise said cash when they have $50+ Millions in the coffer?
Why go through a Bought Deal and pay an uderwriters fee diluting shareholders even more - when both Liberty Mutual and the IFC have preemptive rights with AAA, and could have just as easily presented the $20 Millions for more shares and at simialr share price as the bought deal given it is price at the 20 wasp.
Lastly why is it that Liberty and IFC are not calling in the preemptive?, Furthermore how is it that Liberty who's on the Board of Director has agreed to this dilution to them ?
Something is going on, mind you not suggesting something bad on the horizon, suyggesting that there is nebulous very nebulous things going on at AAA with that one, let alone that a recent email from Fahrad ( yesterday) suggested that it was require to place down payment on long lead time equipement for the mine - that in my opinion is biullocks considering that the BOD has not voted nor approved the construction of a mine yet.....
Something fishy going on and we are not told about it.....but hey I own both .....and a patient individual, but contrary to you I prefer to analyse situations and use common senses versus rushing into opening mouth and articulating stupidities !
Now be a good little basher and STFU and go pump on the AAA board the merrits of this recent BD as if you could even comprehend what it is for !