mumbwa, page-3

Not usually a conspiracy theory subscriber however I can't help but wonder whether these results are being sat on pending the finalisation of Perkoa. Rationale for this is:

1. If the results are positive, this would have a fairly substantial impact on the sp. This in turn could make it a lot harder for Seymore Peirce to place the equity component of the Perkoa financing package as sohpisticated investors would end up having to pay substantially more for their shares. I know that if I were approached to put money up for a zinc mine and I had to pay a premium for shares due to Mumbwa I'd think twice about taking stock up; or

2. If the results are ordinary this could result in a sp fall which would mean placement would be easier to get away however it would also put the noses of current shareholders out of joint.

I can't imagine assays being held up this long especially since the first lot of drilling was completed in July. If I was MF I would probably be doing much the same thing ... sitting tight and focusing on trying to get Perkoa done and dusted.

Any other thoughts?