RE:Giving away the farm?
Tk11455ok wrote: Why the 48m private placement when we're reportly not short on cash? Everyone is touting $20 per share by the end of the year and wouldn't that be a better time, ie. less dilution or more cash? I really appreciate ES helping to get this company going, but the timing seems off. I'm also curious to see who gets the "1%" $480,000.00 finders fee! How hard was it to "find" ES. I'll bet the conversation went something like this: "Hey Eric would you like to puchase another 5 million shares? uh sure, why not."
On a much funnier note and only in the US. can one of the most famous pathologic liars of all time start a social media with the word "Truth" in the title. Now that's funny!
No agenda, it's just Sunday morning and I thought I'd stir things up a little bit.
GO NFG!
TK
Take the money when you can get it. 5 million shares is very little dilution. Good deal for both ES and NFG. We don't know why they need the extra money. The burn rate with 9 drills going and 150 employees is very high at the moment. I heard it is approaching one million dollars a week. And who knows perhaps they want to add several more drills. I heard they might start drilling Queensway South in the first half of the new year. Who knows what they are finding down there because it's big country with big gold anomalies. And if they are getting a sniff of something good on the JBP Fault they may want more drills over there as well. Don't worry they have plans for that money. This is a big operation with huge upside potential for NFG shareholders. Best gold exploration property on the planet right now.