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Re: curlews post# 29122

Wednesday, 10/17/2012 10:06:50 AM

Wednesday, October 17, 2012 10:06:50 AM

Post# of 35736
MMY.V

that sounds a lot better than the old deal. 45 cents sucks a little because it is below today's price but it was not long ago it was trading at that price. No warrants is also really nice.

Your right, I think the market will like it. It takes the overhanging cloud of huge dilution away. That should free up price movement and allow the share price to rise closer to the true value which is significantly higher than here.

This funding should be enough to get them started on Mengapur but unfortunately there will be more financings along the way. Hopefully at much higher share prices.

"The Company will continue to pursue financing from alternative sources to obtain additional funding for the further development of the Mengapur Project."

I suspect this is all the funding they private Tulum group could get away with while the authorities were looking over their shoulder.
JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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