TSXV:FCO.H - Post by User
Comment by
idleSpeculatoron Apr 20, 2005 12:44am
213 Views
Post# 8929571
RE: RE DGK
RE: RE DGKRIO,
Don reiterated the compnay line on dilution and it makes total sense. Raise money you know you are going to need in the future now while market is Bullish. Some complained thta PP was at 40c when SP ran up to 60c, but here we are weeks later back down in the 40´s
If the market becomes bearish we might get a lot less in the future, unless of course the permitting etc comes through.
So either this is good risk maangement by a compnay not 100% confident Permitting etc will come through on schedule, ensuring they will have more than enough funds to see it through and not stall.
Or, it´s cheap shares as a reward to people who have supported compnay in the past, becuase FCO et al all are totally confident permitting etc will happen.
Or something inbetween.
Nothing much to get excited about.
As to your other points, interested to here replies to. You never however responded to PCNesbitts post explaining why Arsenic wasn´t a problem, love to hear you address the points he raised. Happy to dig the post out if you can´t find it
Idle