X-Cal Resources fka XCL

[marcos]

I sold some too, and a few last week ... automatic reflex, to sell a gap-up, even though it's only three cents it's still an airhole in the pattern, that is no way to build a healthy chart ... this morning i was hoping they'd punch it down to .87 and fix that up, but no cigar so i'm out all trading position, and a little more besides ... didn't have good access to info, or much time to think, just went with first impulse but on reflection it looks like the right thing, there are weeks to go before we get confirmation of this deal

There will be dilution in any development story ... three ways to go -
1. share-issuance dilution, just print more paper and try to get a decent price for it
2. project dilution by entry into debt, which bankers won't do any more anyway
2. project dilution by JVing with another entity, you sidle up to them and say hey, if you got the money honey we got the mine

So that's the way it went, and Ms Market seems to like it .... you went to the meeting eh? ..... pick up any interesting detail? .... this is one outfit where i'd like to attend, probably will one day ..... cheers

[edit] - John, i'm thinking of parking the funds temporarily in dmw.to - #board-1706 ... even though i'm probably overweight there already ... but i think it primed for a move, they've got news coming out any day now, on Koidu grade and carat value, maybe something decent on oil trading even