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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (8556)3/29/2006 11:38:52 AM
From: E. Charters  Read Replies (1) | Respond to of 78413
 
I don't know where to get public info on the company so I cannot comment on the reasonableness of their program. I think spending 1 million in 3 months is not out of the ordinary on aggressive programs. It is a tad reachy, or spendy maybe, but I will accept it. I don't trade or look at pinks. They may be there just to escape scrutiny but that is the point. (I can understand not liking the TSX as it is expensive and over picky. It does not prevent anything to not read announcements but trigger on the slightest reg thingie that passes your desk.) The TSE big board is much easier to deal with. If you have 2 years of program money then one should go there. I don't know how one gets a broker to raise money on an issue with 1000,000,000 shares out and a price at one half a cent. (I am not saying they are that, but effectively many pinks are that.) You need a share price. You need the comfort of people believing you can get out at the bid at least, or bid and get the stock at the ask. The Pinks have 0.0 hope of that. Even the CDNx was better than the pinks by far. You need a real exchange. You need to get real or go home. The CNQ is a real exchange. Right now it is tiny but the price structures are real and you do get trading. In a year or so it will be as robust as the CDNX was. And it is cheap to list on. In 2 -3 years it will have several hundred companies and volume will be good. I predict several hundred million in volume per year soon. It has to happen because as some people know even as simple a thing as a CPC is impossible to do on the TSXV.
Go ahead and comment it. They might have real ore. They might make it. I will grant you that. But I would be less than honest if I said I would take serious interest in it. Unless they happen to find another Yanacocha or Pierina.

EC<:-}