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Gold/Mining/Energy : Adamas Resources (V.AMS)

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To: Groundhog who wrote (1329)11/17/1997 6:43:00 PM
From: Wats  Read Replies (1) of 2015
 
Hi Bob:

Good point...DS does not do financing.

Re: buying opportunity...while 16 pennies is ludicrous, if AMS DOESN'T come out with a good news release soon, you'll see the stock price around 11-12 pennies mid-December (if not sooner) IMO. I would wait a bit for your "buying opportunity."

Regards,
Wats

BTW, I think the current stock price will definitely hinder financing. Attempting to raise money with a stock at 30 pennies vs 16 pennies is a BIG difference (half the money for AMS)...you may not see a financing till mid-january as a result (after tax selling, etc). I'm not down on AMS - it's just market conditions (facts hurt).
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