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Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: roto who wrote (4950)	2/8/2013 12:36:46 PM
From: LoneClone	14 Recommendations Read Replies (4) \| Respond to of 5637

This is an excerpt from an e-mail exchange with Tim Barry yesterday. Two reasons for the decision to finance; 1) we had a financing window open and took it. As you point out the markets right now are extremely tough and can turn off literally overnight. There is only one thing worse than dilution and that’s being broke - this company will not be broke! Right now there are over 700 junior explorers who have less than 1 million in their bank account and simply cannot raise a dime to keep their projects going. If the market does not improve in a major way they will all be out of business before the end of the year. Then everyone loses in a major way. We however are now in the position to keep advancing Sierra Mojada in a meaningful way over 2013. I believe we will be one of the few companies that continue to push out good results to the market for 2013. 2) Furthermore we have literally pounded the market with incredible drill results, metallurgical results and resource updates for the last 12 months and seen little movement in the stock. We have also keenly watched other companies push out resource updates, PEA's and Feasibilities and in almost all cases there has been zero market reaction. We simply saw no upside in continuing to run down the treasury waiting to push out a resource update and risk a financing opportunity closing. If you want to see a stock get driven into the dirt try going to the market with a zero bank balance. I refuse to jeopardize the company on the hope that the almost unprecedented market conditions we presently see improve. I believe conditions will improve, I just don’t know when. At least with the raise just completed we were able to control the terms in a far more meaningful way. LC