GREY:RDTMF - Post by User
Comment by
MERC24on Apr 25, 2013 5:00pm
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Post# 21302356
RE: More shares
RE: More shares I do recall money being lent in during the start up process and when the rain came. I do not think they owe anymore but who knows. We have now added another 32m to the pile. New estimate is now 1.00. The only way I would go up from this estimate is if they drilled and found more copper or gold and extended the mine life. Not sure how the major investors are going to get their money out. Even with them each getting 8m at .10 , that only brings them down to aprox .40 average per share. So they are still undet water. I have inquired about the offering at .10 but no one has gotten back to me. Not sure if it was sold out fast or what. Yet only one news release for 5m shares issued. Nothing else.