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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: DELT1970 who wrote (35534)	10/6/2004 6:06:37 AM
From: Ed Ajootian	Respond to of 206358

Delt, GMXR -- I hope that is the reason they put out that release, and not because they actually intend on buying back any warrants. This company is facing a big challenge to finance their huge cap ex budget for next year, they should be focusing on what its gonna take to get that done, not buying back a quarter million $$$ worth of warrants. I hope they get a little creative in the financing, such as maybe using some mezzanine debt, convertible notes, or convertible preferred stock. Their cash flow will support a helluva lot more debt that they will ever be able to get from their bank.