Fund Raise Tim's Interview (Prosperity) I found it interestingthat FNR's so called Dynamic ( use that term with a chuckle) was putting out press releases about Tim's recent interview on OMM/CVG.
It is interesting that CVG/OMM needs at least and most likely more $10 mil and they paln a Fund Raise/Financing? Raise $10 mil at 10 or 12 cents???? how many shares will that be? 100 mil more plus plus??They will start their European Vacation/Road show end of Feb, per the interview.
Last year FNR was trying to raise funds for both CVG and GCR, they did not accomplish their goals spent a lot of money, tried to find a buyer or even a JV for CVG.
I believe Tim is also considering selling Gold forward, a Hedge? when all the Gold companies are running from selling forward Gold. So Tim thinking selling Gold forward to capture funds and lets say Godl goes to $2500 - then CVG/OMM losses all the upside. Brillant? Genius?
CVG/OMM will have issues raising the funds, in my humble opinion.