RE:RE:RE:Started BUYING here TODAY! Crazy DEAL! the trading today was much less volatile than the day 2 trading in February- that deal looks like it was underfunded from the get go in hindsight.
We will have to watch the next few days and see if it continues with this lower volatility. if the likelihood of another forced financing can be removed from the horizon by pumping out 4,500 oz of gold a quarter we could see a short lived bottom.
mjh9413 wrote: The feb 9th deal with Cantor included Eight so I guess these brokers have them ver a barrel in terms of the deal they got then and thi latest one. Feb's was 54c with 65c warrants and now e have 37c with 50c warrants. Really stinks they did not get a better deal but this is Fiji and a mine that while it looks promising probably has undefined risks.
The tannages and gold extracted in May & June look promising though. and once it is declared commercial and these two numbers consistently increase we'll hopefully have good margins versus AISC with possibly 4,000 ozs /qtr thru to end of year. Good for a nibble IMO.