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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Al Collard who wrote (1851)4/13/2001 1:28:27 PM
From: The Osprey  Respond to of 11802
 
Yes Al I realize but with the little note in the last release about a flow through financing("In addition, the company has agreed to issue 600,000 flow-through units at 75 cents per share. Each unit will consist of one share and one share purchase warrant exercisable for 12 months at $1.00 per share. A finder's fee will be paid on these financial transactions."
I suspect something is up Canadian side as the flow through can't be done on the US properties to qualify for the credit.Must be canadian.I suspect we have to hear something about that soon.Also, the 36A production just put this little company on good footing to complete remedial work on other wells from cash flows and limited financing.
I think the problem with the company appears to be a two to three day lag from news to response and this accounted for the buying yesterday.