Ann: Capital Initiatives , page-10

mj magna backed this company a few years ago with a placement at a big premium to the prevailing shareprice, good luck to them if they grab a big chunk cheap now.

Its a silver play, the upside is all in the silver price, nothing more , nothing less

if you believe in silver then take up your entitlement, if not then you need to think hard

as Jetson points out, the bank is backing them, if there were big issues they would have closed out the entire hedge book and repaid the bank

so what are the chances of silver at 50 again? no idea, but if happens and they get their act together fortunes will be made


they have already been lost!