TSX:SRU.UN - Post by User
Post by
JudgeSteveon Oct 25, 2001 9:55pm
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Post# 4332943
Shares and drilling
Shares and drillingI spoke with SRU today and found out that there were about 40 mil
shares outstanding (fully diluted) prior to the announcement today. Therefore, there should be about 44 mil after this private placement.
Also, the company discontinued drilling on October 3 or 4. This was
done to allow all resources to be dedicated to getting samples from
the "overlooked" reef. Similar rock as that containing the high grade
region has been found in many of the holes previously drilled and they
want to use these samples to provide more information. No more
drilling will be done this year.
The story sounds great and the stock is acting the same. I believe the
gentleman I spoke with, whose name escapes me, said he expects more
drill results to be announced within a few days.
I'm a buyer here.... Steve