GREY:MLGAF - Post by User
Comment by
velkyon Oct 26, 2012 12:46am
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Post# 20526065
RE: I want details
RE: I want details It does seem a little fishy, but not a lot. One of the reuters news articles quoted the investor relations department saying the incident occured "a few weeks ago", probably right around the volume increase date you have highlighted. The NR also stated that their use of diesel generators put them into a negative cashflow position. This would have taken more than a few days to figure out.... obviously some people knew of the developments before the public news release - to what extent it's hard to say.
I still think it's a buying opportunity. All the talk of financing leans more towards the debt side than an equity raise. Still have the completion of the tailings pond recovery and possibly the 2nd Hydroelectric plant to look forward to. New zones to be accessed as well.
$600K of just copper by-product sales last quarter.
Quoted value of the entire company is $8.3 million today.