It's all about getting financed, eh ... how much can you get, and when, and on what terms ... some get more, and sooner, and on better terms, while some pay through the nose for less and get it later, and others don't get much at all ever ... it is not possible to understand the chart of a junior without a complete grasp of this principle, and a full mental picture of the share structure - warrants, options, expiries, strikes, cash on full dilution, the whole works ... and then - how much will they get for the next placement? ... i was just preaching this to a neighbour - don't just concentrate on the metal in the ground, because it ain't going nowhere without no cash bucks first
Western Keltic will get financed, of this i'm pretty sure ... btw, John McConnell the CEO bought 80k last monday at .49, open market ... while the same day our old bud Randy T sold 10k at .50 [still holds 240k plus a whack of options and indirectly-held] |
