Post by
Presclubs on Dec 19, 2013 7:44pm
Recent Activity and the deposit
Hi long shareholders,
I have alot of information to post and would like to share with everyone in long position, although I just don't have the time to put together a good informative post for you with lots of detail for people to absorb and do DD on. So just a quick speal. Although I posted a dissapointing post on the dillution recently, it was not a slight on management but the state of the markets in resources, and the tough position it puts the company in. The great, good, ok, and bad deposits have been thrown in the same basket. Banks and other sources of funds are taking advantage. The NR about the upcoming funds rasing for the BFS a while back was vague and misleading to many retail investors, and severely affected the SP, along with tax loss, it has created some negativity on the name. Timing of this was unfortunate, after such a great series of positive NR's in the last few months. This is unfortunate for such a unique deposit. As you can see they just raised funds at 14 cents, where as many thought funds would be raised at less than half of the market price which was already severely undervalued. I have spoken with Management in the last week.
I will try to put something together soon, just have alot of things to take care before taking a well deserved Christmas vacation. Maybe something soon, depends on timelines.
If I don't get to post before Christmas, I wish longs of this company and deposit, and great and safe Holiday Season for you and your own.
Cheers
PresClubs.
Comment by
brodeur on Dec 20, 2013 11:34am
Thanks PresClubs. Hearing the same thing. The $8m financing should be done soon and that will allow the company to go to the moon. Little bit exaggeration, but money in the bank, and much closer to production. Also haven't heard yet about off-take partners. As seen by FMS today about their off take partner, EGZ will have it's day once that is announced.