It'll be discussed for sure. If not announced tomorrow, it will be soon. We have a possible 5 million oz of high grade gold and a market cap of only 19 million $. In comparison, Torex Gold has up to 11 million oz for 1320 million $ market cap (as of last month). If we're valued the same dollars per oz, this should go up to 600 million once financing is announced, making it a 30-bagger, or 138p.
I think that financing will be announced tomorrow at 10AM EST.
Hey Maxo - what do you mean by GLA? Do you really mean it? Are you hoping for good for this company or for bad? Very, very bad time to be short on Minera IRL.
I agree Sparx72. I recently increased my exposure to it. I'm confident they'll get the financing. Sell the high cost per ounce miners and buy low cost per ounce like Minera IRL. Now is the opportunity and I don't think it will last.
Windrush - There should be silence until financing is announced. There shouldn't be leaks.
Momentum traders have joined in on the TSX today. 1,335,000 shares today so far (3:30pm in Toronto) and at 13 cents now.
Someone just paid 21 cents Canadian on the TSX which is about 11.67p.
Sorry I missed something. They bought 214k but they sold 15k of the remaining 45 k sold at 8.5cents Canadian, thus bringing the price down, as if on purpose.
End of day: 214,000 of 259,000 shares bought on TSX today appear to be by insiders. See stockhouse.com level ii info on IRL.