What do you investors think of hedging being part of the financing deal? I don't like it because I think the price of gold will move up in a big way this year. If you feel the same way, could I suggest that you give Minera IRL a call or send them an email to let them know?
You have to understand that they have financing options. The time that's going by is for the purpose of trying to get the best deal possible.
They are definitely in a closed period. You can call to confirm if you don't believe me. This is the rule when financing talks are going on.
Directors are not allowed to buy now. They're locked out because of advanced financing negotiations.
GLA - I do not think it means what you think it means.
Once financing is done, we'll have a rush into Minera IRL. But imagine where share price can go if gold price is rising at the same time!
I've been able to make money over the last year and a half in gold stocks even though the sector is such a mess. Minera IRL is at the top of my top 4 for big gains over the next few months. The other 3 are Temex Resources, Integra Gold, and Midway Gold.
This press release is good. It's good for Mr Chamberlain to give an update at this time. You don't want to announce financing when the tax-loss selling is going on. Wait to finalize the deal in the new year. It's all good. Nothing you're saying is making sense Maxo. If you want a debate on the subject, I'll gladly do so, but you have to start by saying something half-way intelligent.
You're a complete nut-job maxo. They're not running out of cash in January. They've got about $4million and if they need to, they have ways to drastically reduce outflows so they have cash for a long-time. They are working hard on financing and are at the advanced stage. If I was the investor, I'd slow it down right now so it can be announced in the new year to avoid tax-loss selling affecting share price. Do you really understand how gold mining works? They have: 1-high-grade gold, 2-a lot of gold, 3-a community which is very supportive, 4-a unique arrangement with the community where they are part of the team, 5-Rio Tinto very interested that this work out well, 6-Macquarrie very very interested that this work out well, 7-a mining friendly jurisdiction, and 8-a resource set to grow probably to 3 million oz and possible 5 million. Think about the fact that there almost certainly be over $4000 million in gold coming out of the ground here, and likely much more. Low cash costs mean much profit for investors. When I buy gold mines, I'm looking for 5 or 10 baggers. This should be an easy 25 bagger - that's a 2500% gain!