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17,783 Posts.
103
06/02/08
20:47
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in todays finreview
$25 million book build to fund the groups acquisition of Hill50.
TSX listing put on hold for 3 months
$25million will be burnt within 4 months, based on the last two quarter efforts.
Will be interested to see what price discount will attract $25 million
My guess 51 to 53 cents.
MK f**ked up in buying Harmony's assets when he cant extract value from current assets.
MK is truly a huge disappointment, behaving like a cowboy than a shrewd business man.
Good luck with raising that money at a minimal discount in the current environment.
fortunately i don't have a lot shares, so i will hold, just annoyed that i have to remain involved in this sorry saga.
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