Santacruz Silver Mining Ltd V.SCZ

Halted news

[cuzzman]

Evreything seems to sound good until you realize it's still not trading..halted-nr- resume trading, not here..

[tarnoir]

By the time this resumes trading, silver might be either @ $30 or back to $22 and Zinc might retrace back to $1.25 or so LOL! How the Venture Exchange allows these long drawn out halts amazes me. But, again, it's the Venture and Canada!

[CountOfMeltedCrisco]

There was method to this madness, to borrow a line from "Hamlet".  They kept the Halt on because they had the "Production" PR in the pipeline which was good enough news to have warranted a Halt on its own merits.  Ok, they knocked both of them out of the park. That said, this better start trading no later than Monday.  Unless they have something even more

[MacRellen]

I guess it's gonna stay halted until they announce financing for the $20MM payment. Maybe by issuing new shares at average trading price for the last 10 trading days, or something like that?

[CountOfMeltedCrisco]

This isn't the "first rodeo" for any of these guys.  I really don't think they signed the deal and then went "Oh Geez, how're we going to pay for this?".  I'd pony the $20 gigantesco myself if I had it, but I'm not Eric Sprott. 

[MacRellen]

Of course they have probed possible investors, and may already have secured financing. I didn't say they have no idea of how they'll finance it, but we and the market don't. And I think it's fun to speculate. I hope they're savvy enough to make a deal that pleases current shareholders as well as the financers.