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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Dickson who wrote (3706)9/13/1999 5:34:00 PM
From: TheBusDriver  Read Replies (2) | Respond to of 4504
 
What the hell are you two talking about?

Finanicing though the sale of shares is dilution pure and simple. There will be more shares and the resulting share price will soften the way I see it. With 24 million shares outstanding a 5 million finanicing is adding 20% dilution to the float. This is a fair bit.

Now if this money is used to enhance share price then fine. We all win...the guys who did the finanicing and us regular share holders.

I would expect the price to soften, then rise again on results of TG6 or TG7, assuming the results will be good...and all of this will happen BEFORE the finanicing takes place!

Ummmm....am I missing something here?...the tuna is swimming in circles.....

In anycase I am not selling anything until I see the results from TG6 and/or TG7.

wayne