At this point the advance seems to be flattening out after taking off from the $0.02 range to approaching $0.60 since October of 2009. It wouldn’t be prudent to expect a thirty bagger every four months.
APA will have to raise funds in 2010 to advance their business case and keep the drills turning to generate the excitement about their vanadium- titanium- iron properties. In their last quarterly report APA indicated that they had less than $200K in cash.
When I read the following in any report it gets me a bit antsy. “The company does not have sufficient working capital to meet its obligations for the next twelve months.” Understanding the nature of junior exploration companies and their never ending quest for new money to advance their projects is one thing but to be sitting on $16,887 in cash is quite another.
At this particular point in the company’s history they are using the shotgun instead of a rifle in an effort to find a property that will get them to focus on one prospect to the exclusion of all others. It is also interesting that when you survey the management team at CAJ they all have backgrounds in finance and accounting but none seem to have technical expertise in geology or mining.
Century Mining has been having a heck of a time getting the Lamaque mine up and operating due to past management follies and difficulty in securing adequate financing.
Hi Lou
Can you take a look at OX TSXV and see what you think.
Thanks
Lou in Wawa, Ontario
Hi Lou,
Orex Exploration Inc. ( OX TSXV) just got itself a new partner in Osisko Mining Corp ( OSK TSX) who has entered into a development deal with OX that could see them control 60% of the [...]
Lou:
I have been advised to consider both CNR and IMN as a recommended growth stock?
Your opinion on both please?
(enjoy you on 640)
Dave
Hi Dave,
Canadian National Railway Co. ( CNR TSX) and Inmet Mining Corp ( IMN TSX) offer opportunities in two completely different sectors which provides the opportunity to diversify and better manage risk. The good [...]
