I assume you are talking about Jim Sinclair. :).. I have never met him and never thought of him running an exploration company, just as trader or news letter writer. And just ask me, I have been there, it is one helluva a stretch between the two.. BTW, I would rather do the former, doing exploration, I mean.. <g>
So I looked up Tan Range, which I guess he runs.. They have 85 mil o.s., no revs according to Yahoo, not much debt, a little cash, which is not surprising, and a share price of 6.80.. So they will need some financing. So who will finance this thing at 7.00 bucks or so with a few warrants thrown in?..I don't know their properties, maybe they are hot and they can pull it off, but they are overseas, a drawback, imo.
I guess a reputation helps in anything, especially raising money, the hard part of this business. I got tired of it and just sold out, went trading, and now want and going to be back in. <g>
Once a person gets gold fever, it never goes away, it might go into remission, but it is always ready to pop out..
c |
