RE:RE:This is really getting excitinglifegoeson wrote: Koram, there was strong buying yesterday, it surely is an inidcaiont of something good. Prior to the last financing when Eric Sprott put in $2M to raise a total of $10M at $0.45, there was only about 36M shares, so the share structure is tight, and there are a lot of warrants that can raise further capital of $10M at $0.60 without further share dilution, all in all, they should be able to do something good with potentially over $20M if the price moves higher due to drilling. I am getting excited to have built such a nice position in such a dynamic bull resource market (a great recipe for success). Follow the money, i.e. Eric Sprott.
Exactly those were my thoughts over the last month or so. Rumor was that money was been thrown at the Company but they cut off the amount at $10M (you would not want to keep raising at the original unit price considering the $10M was already upped from the original PP amount). Now we need some luck. By luck I mean we need to hit good ore/grades showing we have located what may be a deposit. Mining is very complex and many say it is like walking into a room and turning on the light, you never really know what you will find if anything. If we get some luck folks, the ingredients are all there for us early positioners to make good money here.
GLTA
BC