Metallic Minerals Corp V.MMG

That's also somewhat encouraging

[mattbigham]

Be interesting to know which funds are in on this. Encouraging that NEM  take no more of the company at these bargain basement prices:

Greg Johnson, CEO and Chairman, stated, "We are pleased with the strong interest and to welcome three well-known Canadian investment funds to our shareholder base. These financing proceeds will be directed toward resource expansion drilling at our Keno Silver Project adjacent to Hecla Mining's operations in the high-grade, Keno silver district of Canada's Yukon Territory, along with additional exploration work on our alluvial gold royalty portfolio in Yukon's Klondike District. Our team will be hosting a Keno Silver site visit next week as part of the annual Yukon Mining Alliance Property Tours and Investment Conference. We very much look forward to re-engaging with our peers, tour guests and key delegates from Yukon territorial and First Nations governments. We anticipate closing of the second and final tranche of the private placement before month end, with updates on planned exploration in Yukon as well as our La Plata project in Colorado to follow.

[deet]

Hit our annual low of .235 today. Not sure why. I emailed Chris Ackerman but he's out of the office until August 8th or something like that. Hopefully this stock will come back to life in the fall.

[mattbigham]

Flippers trading the chart while the company feeds the SP malaise with  lack of news. Until the company SP rises significantly and.or generates consistent cashflow  with drilling news this is what we have come to expect. A deal with the Keno property will change the fortunes of MMG insomuch as they will have cash to drill discover with extensive targets at LP. -It's midsummer in