Nick M has pulled off some of the best negotiations in tuff economic climates. I'm sure we will hear of a big deal soon that will surprise everyone.
Looked over the half year financial statements. Not looking good at all in terms of cash. They only have $109k at end of Dec and have drawn into their overdraft. Net current liabilities are $3.9m. They REALLY REALLY need to raise more cash somehow or other if they are to keep drilling more. Equity issue coming?
Nobody have anything to say to MM
Mighty Mouse also worries he won't get a maiden resource topped with his favourite Swiss Brie for Christmas!
A mouse told me not to expect any cashflow for at least 10 yrs, me thinks he's right on the cheese!
Bad news. Ecuador and China starting billion dollar cooper mining venture. Looks like Solgold was left in the dirt. See news link [link]
So call me old fashioned, but is that my friends a great success story?
On Armour, stock listed at. 50c, now less than 15c, excuse my high school math but has this company created shareholder value??
Both SidKnee and JimmySt are short
The guy calling sub 1p is probably short
Another good hole and this counter is back at 2 p, that's a pretty good return from these levels?
That's how RIO got into Oyu T, by buying in to Freidland's Ivanhoe Mines
Perhaps we could see RIO take a cheeky 10% placement and the Shorters will hav to run for the hills and back, yippee!
Hi bdog51, nice to say hello, yes certainly one for the LT, but they need funding or a big brother, let's hope they can do a sweetheart deal with a major
hi bounce, hope we see a rise from here. It's definitely one for long term hold. still great potential