Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (54458)	12/20/2007 3:05:53 PM
From: CusterInvestor	Read Replies (1) of 78419

Claude, what news are you expecting in January? At least SCM does not appear to need financing anytime soon: According to Irwin Olian, CEO of the Company, "We are grateful to our shareholder base for the continued support evidenced by the recent warrant and option exercises. They have brought in an aggregate of nearly $5.3 million, effectively creating a further financing for the Company. As a result, we now have a strong cash position of $8.4 million, enough to cover budgeted exploration and development costs on our Guyana portfolio for nearly two years at present levels. In addition, a substantial overhang has now been removed from the market for the Company's shares, which may have contributed to volatility in our share price in the past

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