I read the IB board and some of the comments. The comment about "everytime the price gets to .02 someone sells a million shares under ask". Since the mine states there are 363 million shares outstanding (as of may 08) but 700+ million authorized, is it possible that management is selling more shares to raise cash to do acquisitions?
Where does a bankrupt miner get money to do acquisitions? Are we going to wait forever to see earnings because the management is using cash flow to buy more mines?
1 comment:
I read the IB board and some of the comments. The comment about "everytime the price gets to .02 someone sells a million shares under ask". Since the mine states there are 363 million shares outstanding (as of may 08) but 700+ million authorized, is it possible that management is selling more shares to raise cash to do acquisitions?
Where does a bankrupt miner get money to do acquisitions? Are we going to wait forever to see earnings because the management is using cash flow to buy more mines?
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