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Gold/Mining/Energy : Amarillo Gold

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To: ferris wheel who wrote (78)10/7/2008 3:43:28 PM
From: TheSlowLane  Read Replies (1) of 85
 
fw - You might want to contact the company to find out how much cash they have on hand and how fast they are burning through it. If I recall, they had three drills running recently which must be expensive. I did send an e-mail to B. Doyle to see if they are planning on doing a raise, but have not heard back. Unless and until that gets clarified, it may be better to focus on companies that have defined resources and at least enough cash to carry them 2-3 years. That said, I am continuing to hold here but someone keeps hammering my fingertips.

tsl
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