RE: Tight tight tight Hi Crazy
Management own's 9% and LSG own's 3%, as well, the split between retail and institutional investors is 50/50.
I would think many investors here are holding till we get further results on the "deep hole".Hopefully it will reviel significant enough mineralization to push our stock higher so we can finance at a higher price.We could then raise significant cash to really get going on the Pascalis property and mine.
Meanwhile Richmont our neighbour is sitting on $60 million cash ,nodebt,and their "Camflo Mill" at the Beaufore Mine is only operating at below 30% capacity as they did no custom milling in 2011.You can bet that they are looking to put more ore through that mill.I wonder if they are waiting for the DEEP HOLE results as well , they could buy AGE and sell the MENUIR property to LSG.
From the corporate presentation it says a short term goal is to prove up 500,000 ounces in close proxsimity to Pascalis mine and that they also plan to file a N1 43 101 by mid 2012.I guess this will not include any drill results from the "Loraine Zone" which could be BIG.
later,
the baker