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Bullboard - Stock Discussion Forum Eagle Hill Exploration Corporation V.EAG

TSXV:EAG - Post Discussion

Eagle Hill Exploration Corporation > So when is the next financing? As no drills are turning
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Post by rwhitts on May 21, 2014 10:15am

So when is the next financing? As no drills are turning

They are going to need most of the current raise for just general working capital.

Are there currently any drills turning at the Windfall Lake property? We are not currently drilling, but expect to resume in June.
Read more at https://www.stockhouse.com/companies/bullboard/v.eag/eagle-hill-exploration-corporation#1FVusTfYUutWO0r9.99
Comment by tomgranite on May 21, 2014 1:44pm
They have around $1mil left over from the flow through raise they did at xmas time last year. I'm assuming that the $1mil that SA put in via flow through in April will be used for drilling purposes. That gives around $2mil which should be enough to fund up to around 15,000 metres. My guess is that Dundee will stump up some cash to pay for more drilling when required. SA are a bit short of cash ...more  
Comment by gold_Gold_GOLD on May 21, 2014 5:41pm
Do you remember the Kevin Graham piece, singing and dancing in the rain?  if not,  https://www.grahamanalytics.com/CompanyFiles/SA/SA_book/Eagle_Hill/singing_in_the_rain.html Cash is King and the dagger hanging over the head comments were quite true at the time,  Tomgranite wrote, "SA are a bit short of cash unless they can sell their West Lombok site"   I wonder ...more  
Comment by tomgranite on May 22, 2014 5:18am
KG (aka JPs personal pumper) has been very quiet. Neither nor EAG have commented on the latest 43-101. Here is an excert from the ''Singing and Dancing'' piece. I'm guessing that KG is as disappointed with the resource estimate as much as I am. Since then, another 101 holes (29,208 metres) have been completed, confirming "extensions to the main mineralized zones both near ...more  
Comment by DOit62 on May 23, 2014 12:37am
The private placement will close at the end of the month. I did not participate in the PP or have accumulated any more shares. The financing required in the future to get a decent resource estimate and then work towards a PEA will continue to add to devalue current shareholders holdings. Do not see the gold market improving untl late 2015/2016 and hence little upside in this stock until at ...more  
Comment by frankman on May 26, 2014 9:53am
That's more like a yellow puddle. Do you remember the Kevin Graham piece, singing and dancing in the rain? Read more at https://www.stockhouse.com/companies/bullboard/v.eag/eagle-hill-exploration-corporation#qAv28340TC9ogKjs.99
Comment by frankman on May 26, 2014 9:47am
Next financing will be just in time for tax loss season following summer snooze.Warning again.
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