Rochester Resources Revenue Rochesters last financials was based on the production period from Dec to Feb. The spot price of silver was over 30 dollars. As of today the spot price is under 20 dollar. Rochester produces around 80 000 ounces of silver in a quarter and the spot price is around 11 to 12 dollars lower than 6 months ago...
Rochester is going to need cash real bad. Can Rochester afford this type of dilution again?
old news release November 25, 2009
Rochester Resources Ltd. (“Rochester” or the "Company") is pleased to announce that it has successfully closed its previously announced private placement of 76,667,000 units...In addition, the Company has arranged a non-brokered private placement of 6,192,960 Units on identical terms