Ken, the link you sent is for Exellon Resources not USA.Sandy, the stock was done way back in May...I was just pointing out that I did not like the warrant structure...Rasing cash is fine and they did it at decent levels. I don't know why you would change your mind on what I wrote as that was not my intention.
I do not understand, the Co has 20MM in cash from the sale, more than enough to finance the new mine,Is what you are referring to a PR from before the bought deal?
Its a pump and dump as seen as a ad on this page:http://kingworldnews.com/paul-craig-roberts-terrifying-warning-timely-message/This guy has been pushing this on several websites also. Be wary!!!
Quote from: edthelorax on January 25, 2017, 08:40:15 AMI do not understand, the Co has 20MM in cash from the sale, more than enough to finance the new mine,Is what you are referring to a PR from before the bought deal? On their web site there is a recent presentation and somewhere in this forum someone linked to an article/interview with CEO, both of which led me to believe cash on hand and cash flow indicated share dilution was not needed, especially since he did not indicate any financing issues or concerns. I still like the company and have not sold a share, this is only a red flag for me. I have been burned bad with small and mid cap miners that looked real good and turned sour on a dime so I am very leery.
refurbished equipment is a disaster in the making IMO. I talked to some technical mining guys and they always told me you should ALWAYS buy new equipment. I don't like the sound of this.
I have been mulling this company after stumbling upon it for a week now and I am going to pull the trigger on a few shares. Impact Silver has a huge land package in one of the best silver neighborhoods in the world. There are several hundred old mines on the property to give assistance processing the acreage. They are very small but have production and are nearly profitable. I know nothing of the management. The huge contiguous land package coupled with a lot of exploration data raising the odds for wild success makes the company ripe for a takeover. I think they could make a go of it on their own but a takeover would accelerate mine development. All of their assets are about 125 miles southwest of Mexico City and the company headquarters are in Vancouver BC. It looks like another USAS look alike with a much larger upside.There is a lot of good information on their web site: http://www.impactsilver.com/s/Home.aspticker IPT in Canada TSX.V; ISVLX in US