RE:How they gonna fund the next drills?Guys, put together some dots.
KC8 - to your response, I have been buying and keep buying, and if Im wrong I will publically apologize to you, however until then, your still and idiot, stop trying to prove me wrong and instead prove me right, as apparently were both on the same team...
There's 2 scenarios here:
1) We have absolutely nothing and management hopes to hell they can dig up financing for Win-Win. Plus that public statement about the follow up drill program on Grasset, well, they lied and are going to get sued.. (pretty unlikely scenario)
2) Since they have ALREADY ANNOUNCED A FOLLOW UP DRILL PROGRAM ON GRASSET as stated on APRIL 9th, 2015. LINK ATTACHED:
https://www.stockhouse.com/news/press-releases/2015/04/09/xmet-completes-initial-diamond-drill-program-on-grasset-project
STATEMENT ATTACHED:
will complete targeting for a second phase follow up drill program that is planned for the project. Seeing as how they need funds for both Grasset and Win-Win, the more likely scenario is there will be a JV partnership on Grasset, in turn Xmet will get money for optioning it off. This money most likely will be used to fund Win-Win drilling as recent PP was used for the option on Win-Win. This theory will provide funding for both projects with no early stage dilution, create share price appreciation, allow for us to have both summer results on Win-Win and winter results on Grasset. This also explains the lack of results now as the company is currently in due dillagence, NOT needing to be public about its affairs nor drill results until DD is done.
If I'm wrong? Well I put my money where my mouth is... I lose, you bashers win.
TruMoney wrote: What kind of investor is willing to fund the next drill? The price will stay at 3 cents no matter what! Even with a share consolidation, the stock will go downhill. Whatever they will do.. they need good drill results otherwise XMET is done!
Raising your last $250k into WIn-Win.. Are you joking me?