Throughmud- financing There may be an issue with the $10 million form the bank. I believe it says that they also need to do an equity financing for $8 million to get the money, but I am not sure if that is correct. No one wants them to sell shares at the current share price.
I haven't taled to IR about it yet.
What if Auriga Gold announced a future dividend or a "percentage" of future cash flow or even a "future" small gold coin based on future profits? This might draw buyers in???????
What Auriga really NEEDS TO DO IS GET THE SHARE PRICE UP TO THE POINT WHERE WARRANTS WOULD BE EXERCISED TO RAISE THE MONEY. WHY IS THIS SO DIFFICULT AT THIS POINT? LESS THAN $300,000 IN SHARE BUYS WOULD GET THE PRICE UP TO THE POINT WHERE INVESTORS WOULD CASH IN THEIR WARRANTS. WHY CAN'T AURIGA GO INTO THE MARKET AND BUY THESE SHARES OR GET AN INVESTOR TO DO IT???? I AM FRUSTRATED BECAUSE I DON'T HAVE THE EXTRA CASH TO DO IT OR I WOULD. I HAVE TALKED TO SEVERAL INVESTORS TO GET THEM TO BUY IN BUT SO FAR, THERE are NO LARGE BUYS.
FRUSTRATED IN VIRGINIA!!!!!!!