Post by
ctoivo on Jan 21, 2014 12:30am
Good story
I owned some shares in this company a while back and am thinking of rejoining the club. They surely don't want to dilute much more, and it would be tough to borrow hundreds of millions for a mine so what is management's endgame they're angling for do you think? Buyout--JV?
Comment by
raxa on Jan 21, 2014 8:05am
JV with Orebodies seems like https://globenewswire.com/news-release/2014/01/21/603616/10064798/en/Carlisle-Goldfields-and-Canadian-Orebodies-Announce-Completion-of-Expenditures-at-the-Farley-Lake-Mine-Project.html
Comment by
ctoivo on Jan 21, 2014 11:22am
Canadian Orebodies has half of the marketcap as Carlisle. It looks like a bigger bubba is needed.
Comment by
Flatfishomoney on Jan 21, 2014 11:43am
There is a reason why they keep drilling holes into the ground. They want to increase that 5M number so a big mining company will buy them out. Canadian Ore is not that company, they just get 10% of the action. Either way I am buying more shares next pay cheque.
Comment by
ctoivo on Jan 21, 2014 5:43pm
Fair enough--a little known but excellent story.