I saw that BAA move, SGSVF a nonproducer jumped 60% in a one day move a couple weeks ago and is now +100% on NO NEWS what so ever! This and more will probably happen with MEAOF when they finally do dislodge themselves from this funk they are in.
As Brad Cooke being the CEO of EXK, I can't imagine him not being able to close on this financing, I think it is a lock.
If I could easily unload a few 100k I would but, looks like I'm stuck holding for now. At least I'm averaged @ .045. Sprott buying in is the only light at the end of the tunnel I can see.
This should move this higher, easily worth 2x current price.
I don't think they will have any problem with the financing closing in May, EXK just rounded up 16 million for expansion, Brad Cooke has a great reputation and many, many connections, he probably has enough shares of EXK to fund it himself. I'm seriously thinking of doubling my stake before weeks end.
In accordance with the acquisition, the conversion multiplier equals the amount of shares of SSRI you will have as a Claude share holder when the deal closes next month (1000 Claude shares x .185 = 185 shares of SSRI. The price difference works the same way.
MEAOF is so lightly traded that if it is already on the high side of the exchange rate of MTO as it moves higher, MEAOF will not go higher in lock step. Example MTO @ .11= (.11x75%=.0825).
Maybe this is the reason for golds sudden rise...
RUMORS swirling say "Martial Law discussions over a banking system failure" are the reasons President Obama and Vice President Biden are to meet with Fed. Chair Janet Yellen today after the Federal Reserve's Emergency Meeting this morning. In the history of the United States, it has never before taken place that both the President AND Vice President meet "unexpectedly" with the Federal Reserve. Speculation is already flowing all over Washington, DC that it may have something to do with "the survival of the government."
Members of the House and Senate are said to have been "up all night" in discussions and meetings; with floods of phone calls back and forth.
More: Tuesday and Wednesday the G20 Finance Ministers and Central Bank Governors meet in DC and on Thursday the IMF and World Bank meet in DC as well.
All the leading bankers in the world will be in DC this week.
Something wicked this way comes and it is coming very, very soon; within days we suspect.
Next Tuesday: The Chinese are scheduled to announce their switch from dollar to yuan on Tuesday, April 19th; which will send about two TRILLION in cash back to the US and send inflation skyrocketing overnight.
Yes 2017, it does look good, I wouldn't expect it in the summer though, I think late fall or winter is more realistic and by then when the financing goes through after May 7th we will have 8-10 million in debt. I am expecting a nice pop in pps in May though, IMO it will be good bye to anything in low teens.
Thanks Dog, I didn't know about that Canadian property being a past producing mine, that is another major feather in their cap, what is the ballpark on cost to reactivate the mine?