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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V -- Ignore unavailable to you. Want to Upgrade?

To: Brumell who wrote (264)8/4/2001 10:29:49 AM
From: russwinter  Read Replies (1) | Respond to of 505
 
<If they know they can pull mineralized holes from bedrock, PLY will fly.>

No assurance of that at all. Great exploration results are being consistently ignored now to the point of being ludicrous (read my recent rants on BGI, FGX, YMC, FWR). I say mothball it, cut expenses to the bone, and holdout for a higher commodity (zinc is near multi decade lows)price or stock price (for a PP), or a very favorable JV. Market cap is less than a million and a half US (quite reasonable for this excellent grassroots project), so we should do fine under that "realism" scenario.



To: Brumell who wrote (264)8/5/2001 10:46:46 PM
From: Claude Cormier  Read Replies (2) | Respond to of 505
 
<Not 27 million shares FD, Claude. However, 22 million FD is a real possibility IMO. That would include over 8 million warrants o/s and yet to be exercised at .25 by mid-February for $2 million or so. >

Well there is already 17M fully dilluted... They need at least $1M to do anything meaningfull...and to get that, they will need to issye 5M units at $0.20 plus warrants attach or 4M units at $0.25 (much harder IMO). So let say between 25M and 27M FD.


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