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Ann: Montepuez Ruby Project - Update, page-93

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rastus64

9,119 Posts.

126

07/11/17

16:59

Post #: 28577508
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Originally posted by jeffberg90 ↑

That is why I got out yesterday... I can't see how they're going to get funding to maintain operations unless they call their mates at Arena back and say "you thought the last deal was good, wait till you see what I'll give you this time!"

And I'd be surprised if even Arena gave MUS further financing at this point, they're still holding the bag for 30 million shares issued at 6c (wonder if Jame knows about those?) two weeks ago.

I can't see anything other than a slow death spiral into the sub 1c followed by a TO. Hope I'm wrong for all the holders and CJ comes through with the goods but gosh, judging by his track record I'm not betting MY hard earned on it.

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Your right I don't think arena will be back in current circumstances. They would look to share holders for $ with a rights issue or similar imo. Maybe a placement to sophisticated investors as well.

MUS Price at posting: 4.1¢ Sentiment: Hold Disclosure: Not Held
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