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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: dara who wrote (32416)	11/18/2004 2:14:19 PM
From: Amark$p	Read Replies (1) \| Respond to of 39344

not shareholder friendly, would have preferred that they raised any cash need via internal cash flow... yes, this would have required waiting 12 months, but I sure wish gold producers like GGG would rely on internal cash flow rather than PP for financing needs... that said, only adds about 10% to shares and my average cost is under C$.55 so raising at C$.73 is okay by me...

To: dara who wrote (32416)	11/18/2004 9:29:55 PM
From: Stephen O	Read Replies (1) \| Respond to of 39344

re GGG amarksp00 has answered your question for me. They have had an overrun in costs on Bella Vista, delay has not helped. El Limon has not generated as much cash as they hoped for a year ago and they need to explore the Victoria zone and access Santa Pancha deposit. They did not want to borrow money to do these items. Never want to be beholden to banks. That was Triton's then Black Hawk's major problem in the past. The group that financed at 85c were willing to do more so the company decided to do it. Good for them. Get the money when you can. When the cash starts coming in later next year, they will be able to make an acquisition.