PINL:HLOSF - Post by User
Comment by
The300on Mar 04, 2012 8:46pm
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Post# 19625149
RE: RE: RE: We have to practice Patience.
RE: RE: RE: We have to practice Patience. Hey Guerreiro,
Halo is cashed up right now with approx. $2.5 million in the bank. From what I recall, the $2.2 million going towards the Sherridon West exploration is coming from Hudbay and Halo is only on the hook for part of the $1 million West Red Lake program. Even though Halo will be involved with over $3 million worth of drilling, they should still have a very healthy balance sheet and shouldn't need to raise any money for at least 6-12 months.
The strike price for the options is $.60, so we have some way to go before Hudbay or Pinetree are in a posiition where it makes sense to exercise.
If Halo made even a half hearted effort to promote and market the company we would easily be in the $.30's. Unfortunately management has proven time and again they have no interest in attracting an audience so here we sit.