RE:real nice secondary
Nice spin Petersburggray but the thing I am most concerned about is how much is going to expand production and how much is going to cover operating losses. We had a private placement in August for $5.8 million to develop Calladay and for G&A. My guess is most of it went to cover losses in the last 7 months and now they need another cash raise. That concerns me as sooner or later we will either not be able to raise more money or we will be so watered down that it will not matter anyways. I am hoping for the price of silver to climb a little higher to give us a better chance to get to break even and stop the bleeding. Bob