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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?


To: RICK who wrote (3449)7/26/2000 4:58:27 PM
From: ali  Read Replies (2) | Respond to of 4269
 
Hi Rick,
not much magic to that when you asked the right question.I just asked how he was going to finance the new drilling program he was planing.You don't have to be an 'insider' to ask that question.If you ask a reasonable question you may get a reasonable answer (which may be evasive at times),you don't have to be an Einstein that drilling costs money and it has to come from somewhere.
As long as Murdo can find the money for drilling we as shareholders don't have to worry as much, as those people who put it up will ask the question what is to be done with it.My only worry is that he does not water down my share of the co more then he has to.If any one thinks all the work done and all the cost with running the store is free, well you better think again.And if you think professional PR does not cost an arm and a leg for the shareholders , you may think again.PR is a necessity but how much? It is my opinion that Murdo shops around for money before he prepares the memorandum which has to be presented to the exchanges for approval so he is way ahead of us.
If you are interested in flow through shares all you have to do is phone and let Murdo know you are interested and you may hear about it too.These shares are only of value to Canadian taxpayers as they get a tax credit (in case of Ontario 130%)Don't know what strings are attached to this issue.The price is usually based on the average market price of the previous 10 days of issue, but has to be approved by the securities commission.