re: placement raises $6m dub - amb Management has struggled for years to keep MMN's head above water. All praise to them thus far. Hanging on to some of NGG's physical assets was a major juggling act with the balls still in the air IMO. Until recently Twin Hills was marginal but because of the rise in the AUD price of silver the likelihood of good profits in the medium term is much increased. Jerry Stowyck would no doubt do a good job of working through the numbers if he had a mind to. Chairborne punters at HC should be admiring the guts and persistance of people like Bob McNeil; tearing them down with no real justification smacks of a certain wimpiness me thinks. That $6M may well be crucial in assuring the success of the enterprise. The sooner some of that silver is got out of the ground and the venture becomes self-funding then the better for all investors. If the silver price continues to move upwards then management could distribute dividends to shareholders as silver powder or blanks if the shareholders request such an option. Check out the writings of Hugo Salinas Price for an interesting perspective on this.
JMO DYODD
MMN
macmin silver ltd
