RE:RE:What happened to the $4,000,000 they raised?Talked to the Co. today, Yes very little of the cash went to exploration, most of it has gone into the plant (must be an accting transaction?) and getting Magistral ready for cashflowing us. Pretty sure they have quickly realized the priorities in this mkt and that exporation has not received any benefit to the Junior Cos, Magistral and earnings is the key.
They are still looking for a suitable deal to get Magistral producing, but I heard enuf to continue to add here during "taxloss selling" as these sale prices will not last forever.
Higher Gold prices ahead should get a financier off the fence and help us get the financing deal we need;)))