Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: CusterInvestor who wrote (56183)	1/30/2008 1:48:58 PM
From: Nostradameus	Respond to of 78417

I think you are right. Better to avoid dilution. The share price will go higher on continuous drilling to define the deposit. Only 12 holes for now. Financing : I really don't know in that kind of market... but I guess it won't be long.

To: CusterInvestor who wrote (56183)	1/30/2008 3:12:01 PM
From: ogi	Read Replies (1) \| Respond to of 78417

As of Oct 31/07 CPQ had 1.8 mil in cash. 4 mil options outstanding priced between .37 to $ 1.80, so all are in the money. Last weeks financing brings in 10,125,000 then there is an over allotment of up to 1.8 million more units, which will get done so that is another 4,050,000 PLUS the company can do its own non brokered PP for another 1,575,000. All in about 15 million after fees without any cash from options and the PP was with 2.25 million warrants priced @ $ 3 , so they have the potential of providing another 6 million 750 thousand dollars in to the CPQ treasury. Bottom line, at a burn rate of 1 million bucks a month they are good for more than a year. At this point financing is a non issue. It is all about how they can develop the deposit in the next year. Cheers, Ogi