Replies to post #24147 on Traders Cooperative

[ItsAllCyclical]

MMG is mostly Zinc correct? Do you think Zinc prices will stay strong if the sh*t really starts to hit the fan next year? Or is this looking out 2-5 years?

[huh]

You guys are psychic




Press Release Source: Golden Star Resources Ltd.


Golden Star Announces Pricing of US$75.6 Million Common Share Offering
Thursday February 22, 9:20 am ET


DENVER--(BUSINESS WIRE)--Golden Star Resources Ltd. (TSX: GSC - News; AMEX: GSS - News) today announced that it has priced an offering of 21 million common shares at a price of US$3.60 per share resulting in $75,600,000 in gross proceeds or $72,198,000 in net proceeds to the Company, after deducting underwriting commissions but before deducting offering expenses. The underwriters have an option to acquire an additional 3,150,000 common shares for additional gross proceeds of $11,340,000 or net proceeds of $10,829,700.
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The proceeds will be used to purchase an interest in an electric power station in Ghana, for completion and start-up of the Bogoso Sulfide Expansion Project, for a feasibility study for and work on the Company's Hwini-Butre and Benso properties located in southwest Ghana, and for general corporate and working capital purposes. The Company expects to close the sale of the common shares on March 1, 2007, subject to customary closing conditions.