RE: RE: RE: New Resource Estimate Out I have to admit to a major concern about the company's finances. Last I saw they had under $3 million but that was 5 months ago and they have to be getting dangerously low now. Trying to do a financing in this environment with such awful market sentiment in general for resource stocks and the MIN share price in particular tanking has got to make it just about impossible to raise money without giving away the farm.
I do suspect that some of the selling pressure on the share price might be coming from people about to take part in a financing, dumping the shares they currently own for the new shares/warrants they are about to buy. Just a guess. I also see that over 7 million warrants expired worthless a few days ago. The company could really have used that money if they had been in the money and exercised but it wasn't even close.
I'm fortunate that I didn't buy too many shares a few months back so that it has been easier for me to buy some more on the way down, including today at the low, but I'm getting nervous about the financial situation.