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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marcos who wrote (62274)	11/21/2008 10:01:32 AM
From: ogi	Read Replies (3) of 78408

I sold my CFO last week Marcos, not because I don't like it but because they have a 9 mil $ payment in December and if they cannot renegotiate that payment then they are out of cash. Also, if their relationship with the property vendors is so good, why would they not have concluded a change in payment dates by now? They may indeed have good connections for further financing too but in this market it is irrefutable that a cash poor company has little bargaining power and will pay a very high cost to finance. The other factor I considered when selling CFO,( after buying it at what could be seen as a bargain price $1.25), is results are overdue and ,unless earth shattering, unlikely to push the share price significantly higher for any length of time. I will go back to CFO after financing is resolved and results are out. Cheers, Ogi

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next