Re: ....Virgin On The Greens
in response to
by
posted on
Jan 11, 2009 02:09PM
Focused on the Rice Lake Gold Belt
Marums float is tightly held as they have never really done any thing other than accumulate claims over the yrs, but today they sit with a nice land package and should have no problems raiseing cash.
The only hope marum has is if San gets bought out because they cant afford to drill.... They already have over 90 million outstanding. How much are they going to dilute to find gold They need to rely on San to drill or the take-over company to help them the same way Marum is helping out WEL. San has monopolized the belt so even with a takeover of San they still have lots to work with after the fact. So I would try not to dilute any furthur and let San drill itself to a buyout. Either way we win with the neighbours. I have lots of WEL and need some marum to monopolize the belt myself. The PP with WEL is nice but I already hold it at .05 and I did not make much money last year to warrant the instant tax savings that the PP has to offer. MMU would be nice to hold at under .10