Quinto Resources Inc V.QIT.H

Quinto Resources Inc. is a Canada-based gold exploration company. The Company owns a 5% interest in the Monster Lake property in Quebec, Canada, where a bonanza hole grading 237.6 g/t Au over 5.7 meters was drilled, as well several other high-grade gold drill holes. The Monster Lake property consists of approximately 114 mineral claims covering an area of approximately 3,336 hectares. It lies approximately 44 kilometers southwest of the town of Chibougamau in northwestern Quebec. The property is accessible by road and a high-voltage transmission line crosses the area nearby.

TSXV:QIT.H - Post by User

Quinto Resources Inc

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Post by tpaymanson Apr 26, 2013 5:53pm

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Post# 21307779

knots

As far as turning down a financing at .60 cents but doing one at .10 - .20 ... I can easily see it . You see tpaymans there are many reasons that a company will turn a financing down. The main reason is that the outfit putting up the money wants too much in return. It could be a number of QIT ' s shares which QIT insiders feel is way out of line. Or it could be a certain dollar value that QIT insiders feel is also way out of line. Or possibly there wasn't even an offer of a financing at .60 cents. Bottom line there are many different reasons.

If you mr level II realy can see that they will turn down @ 60 cent financing and later do a 20 cent financing you must be even more knots then the CEO that wil do so!

There has not been changed that much in just 2 weeks to justifie that!

I am sorry for you but a joker has more reality.

BTW I bought @ 58 cent and my downturn or risk to the celler is not that bick anymore. Going back to 70 cents is a possibility

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