RE: RE: RE: RE: RE: When? Dontpass:
CZN has planned out their budget requirements for the whole year.
Of course, CZN was also aware of VGM’s share price, especially as 2 of our Directors sit on VGM’s board.
Do you really think that the company would file the following legal statement with Sedar in March and then turn around and go on to do a pp anyway?
That would be kind of unethical, no?
I’ll re:post
From Canadian Zinc’s MD&A released (March 20);
LIQUIDITY, FINANCIAL CONDITION AND CAPITAL RESOURCES
At December 31, 2012, the Company had a positive working capital balance of $9,042,000 including cash and cash equivalents of $224,000, short term investments of $5,458,000 and marketable securities of $4,984,000 (for a total of $10,666,000).
“The Company believes that the funds available to it remain sufficient for current operations and will enable Canadian Zinc to continue, for at least one year assuming no other factors changed, with the permitting process.”
There is no need for a further private placement.