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Gold/Mining/Energy : Rubicon Minerals
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To: Miner who wrote (186)2/20/2003 4:53:01 PM
From: Enigma   of 470
 
I think they tried to bite off too much which maybe we should chalk up to inexperience. Almost 1/3 of the issued capital and they might have lost some control into the bargain. The rationale seemed to be to go for a large financing when the POG was high whereas surely it should always be when the price of the stock is high? It seems to have worked out just right however and, who knows, they might not have done so well if they'd gone for $5 million. So now we can focus on drilling results? Still cold up in Red Lake so there should be plenty of drilling through the ice until at least the end of March.
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