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Bullboard - Stock Discussion Forum Elgin Mining Inc ELGMF

GREY:ELGMF - Post Discussion

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Post by seanyboy on Aug 20, 2012 4:46pm

ouch

dropping like a rock.  agree about the potential here but also agree that this kind of price action destroys credibility that they can realize it without destroying the equity - a financing at these levels would be just awful, no nice way to put it.  then again, if they manage to build cash from sweden the market might start to believe again.  glta.
Comment by DrBill1 on Aug 20, 2012 8:46pm
Probably a 1-for-5 RS coming, followed by more equity issued in a private offering.  More downside near term, I fear. Regards, DrBill
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