RE:RE:It's The Story- Not Just Any Propertygumspit wrote:
Yes the story is great but why can't they fund the project. It has the markings to be so big but yet no one wnats to step up to the plate and fund it. Everyone has heard the story for a long long long time. There seems to be a missing link somewhere and it seems to prevent anyone major from stepping forward and providing funding. They have not even announced publicly they are doing a financing. If they are going to announce a bought deal financing whos running the book, no signs of that, no whispers no anything in the market. The stock just sits still. Again, if the story is so great and if there are believers from the institutions/majors what on earth is holding them back. If it is not just a good project, but a great project it should not take all this time to get it going. I certainly am not bashing the company or the stock, as I just sit as a shareholder and pull my hair out trying to figure out what is the matter, why can't they get financing in a roaring resource and gold market.
This is from their website which has been updated.
Create a timely strategy by securing a relationship with a major gold company/ resource funds with the ability to provide $10-$20m to complete a Phase 3 development infill & down plunge drill program at Standby, and progress drilling on other Rochford District Target Trends
MMV has raised sufficient funds to cover overhead and ongoing research while it completes the negotiations with different parties for funding of the 45 core hole program.
So this means they are in negotiations right now