RE: ?????? MXI on-going Saile
Could not agree more-in fact if you look under Stock House news above these Bullboard posts you will see a post from me done in August of 2011(it made "best of the boards") in which I congratulated John and Greg for financing while they still could. I am astonished that I could be so smart as to forecast the coming storm yet not do anything about it!
It will be intresting to see what happens now. Obviously Iam has to soon provide an answer on the new exploration season-worst case scenario they are walking away. Not likely. Best case-a major 10 million plus program to really go after the ounces. Then what? If we assume a best case scenario it means we have to come up with half the costs of a major program-at these prices the dilution would render our current holdings virtually worthless.
I may complain alot about the share price but at this fork in the road I am glad to have John C, Walter H and Elias on the team-few juniours have that kind of bench strength in the creative financing dept. Good luck guys, we are all going to need it