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Message: Cream Minerals arranges two private placements - 2008-12-12

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koetjeboe

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Good buy or goodbye?

in response to Cream Minerals arranges two private placements - 2008-12-12 by Highgrader

posted on Feb 03, 09 04:38AM

Have been studying this company, which I think has some fine properties. The issue I have with companies such as CMA is the lack of available cash. Whereas two years ago, having cash was not really a top priority in my criteria for selecting a junior miner, it has now become the top priority for me.

Having said that, I'd like to know how CMA is planning to raise enough cash to keep current operations going.

Trading volumes were very low in January and I suppose that has nothing to do with the company's inferred resources. This market is all about cash and financing.

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