I am not worried about the finance, this will happen, there is just too much money in America thats not earning anything at the moment. The project is robust, for all those who are worrying, go back and have a look at the directors bios, there is a solid history of them developing mines, also have a look at the Bolnisi gold financing transaction back in 2006, Norm Seckold has a great track record about getting financing done.This kind of track record has financiers chasing you, ist frustrating at the moment, but selling out now just givespotentially easy capital gains to the buyers,
it will be intersting to see if OCJ have bought any of these distressed shares. If you have more than a 6 month time frame then ther is not too much to worry about, the recent brokers report from Stifel valued Mount Philp at 30 million, is the rest of the company only worth another 30 million.
CJO Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held