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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Post by saron May 21, 2002 10:06pm
116 Views
Post# 5133230

Promotion

Promotion While manzare17's comments regarding promotion are perfectly valid, I believe it is a little early for MOA to start burning through cash to pay a Promoter. MOA is a very conservative company and they love the OPM model (other peoples money) which is why it has been so successful in the past with optioning properties etc.. Lets give this some time and once full production starts in SA then the promotion scenario can be explored if warranted at that time. With reference to the large block at .43 it certainly is a little confusing. Blocks like that are usually held back so as not to spook the market, if it was someone needing the cash they could simply drop down and meet the bid in smaller increments as the market warrants. Anyway,this too shall pass. BTW if anyone hasn't read the book DIAMOND by Matthew Hart they should pickup a copy. It's a tough old business..
Bullboard Posts