Post by
cleverrox on May 13, 2012 10:36pm
Raising Cash
Did anyone else read that last Rosa PR as "we will have to raise money to continue mining Rosa"? That's what I read between the lines. I only have a few shares left now, so I'm not too worried either way. This is a horrible time to have to raise money though. Capital is very thin right now because banks have horrible balance sheets.
Comment by
_Highlander_ on May 14, 2012 12:54pm
no, read that they need to raise capital to expand the operation and no they shouldn't have trouble raising cash, the rex mine is appraised at NPV of 71 million. I'm not sure what ROSA NPV is worth, but I'm guessing 40 and up. NDXshould have considerable leverage.