GREY:CEXPF - Post by User
Post by
frankstevens17on Oct 06, 2017 10:02am
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Post# 26785244
My take on the current situation of Cache.
My take on the current situation of Cache.On September 18th Cache made an announcement about more indications of visible gold in recent drill cores but also they mentioned another Private Placement of 8,000,000 shares at 11 cents. Since then the stock has declined and may continue to decline unless good drill results are announce very soon. With the stock price at present levels (10 cents) the 8 million share PP is probably a dead on arrival at 11 cents and may in fact be a tough sell at any price. In conclusion, CAY needs some very good news and pretty damn quick.