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

To: orkrious who wrote (66847)8/23/2009 10:16:24 PM
From: tyc:>  Read Replies (1) | Respond to of 78412
 
Was it really dilutive ?

It might be interesting to remember that NGD acquired its interest in El Morro from its amalgamation with Metallica. I played the metallica warrants. When they became NGD warrants their exercise price was $3.40 for a NGD share.... they expired worthless. So this financing might be considered no more dilutive than the exercise of the warrants would have been. After all, Metallica was faced with the raising of that capital too.



To: orkrious who wrote (66847)8/24/2009 12:00:12 AM
From: LLCF  Respond to of 78412
 
Thanks very much.

DAK



To: orkrious who wrote (66847)8/24/2009 10:35:55 AM
From: Tommaso  Respond to of 78412
 
I don't know why I had so much trouble finding this:

newgold.com

I was checking because I didn't understand, or remember, why if NGD owned 30% of the project they only had to come up with 9% of additional capital investment for El Morro.

Whether that's the reason for the stock issue or not, they sure have a lot of cash for SOMETHING.


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