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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (83354)5/21/2007 1:17:55 PM
From: zoo york  Read Replies (1) of 313930
 
Agreed! However, I think the money from this PP will be used to buy a new mill. It was an opportunity they decided to take and timing is not great since the entire sector got whacked this month but I prefer to see them grab that mill now instead of waiting until later when the market conditions may be better. BGL still has a very tight share structure and they are only issuing 2.5 million shares in this placement, plus a half warrant.

cheers!

COACH247
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