RE:RE:PRB financing vs AZX attempted financinggoldopportunity wrote: Hey schmoby -- so you think david palmer raised additional money at close to 18-month lows so "they can drill holes for a long, long time" as you pointed out? I don't believe that for a minute. Palmer's a smart guy. Imo, he's got something cooking (an aquisition, etc) that he needed additional funds for...now! These funds won't even come close to buy him a quality gold company, but they will give him the necessary added equity to finance a potential paper/cash buy-out for instance.
I don't know who you're referring to when you say "some of the folks on this board need to bury their pie in the sky expectations and egos and start thinking with a clear head." I'd like to think you've got a little bit of intelligence, schmoby. So don't disappoint me by painting the many fine alexandria posters with a broad brush. You got a problem, you name individual names. Until that time, don't disparage us.
Imo, one can probably blame EO and his gang of bandits for the "circus" perception of the last 6 months that you talk about. But as I've mentioned in numerous posts, the RE release imo most likely has been extended because of the fluidity of the gold oz #s while an interested entity (or entities) have had to adjust their buy-out proposals. I agree about the need to return e-mails and phone messages, though -- so important and should have been corrected. So we'll see what happens. GLTA. Jmvho.
goldopp
I think David Palmer raised the money ahead of an all share merger with AZX of another potential candidate. The money will be used to drill and prove up the aquired property. My guess is David calculated that that was the dollar amount required to finish, does anyone know of any companies that recently tried to raise or required around $16m for drilling...
Well listen if you think some of the wild fantasy share price numbers here aren't pie in the sky approaches than I guess we will have a difference of opinion on that subject. What you call disparraging I would call facts, they don't always put smiles on peoples faces but sometimes reality will do that. I guess I could be like some others here and just say what people want to hear but I don't see how that's going to get AZX any closer to .50/sh or whatever the board estimates are currently projecting here.
RE are rarely if ever stopped midstream to "update" them, it would have to be something significant or material for that to happen and if that were the case, and it isn't, than the company would issue a news release and notify the shareholders detailing that conjecture.
I said it before, when you have bad management (really bad btw) and run out of money you are at the mercy of the sharks, sad but very true, don't shoot the messenger. I do respect your opinion for the most part GH, I just don't necessarily agree with all of it.