Excerpt
A well-advanced, explored property with a proven reserve. They
would go in with a commitment to spend about two million dollars
to verify the data and expand the reserve if they got lucky in their
exploration.
It all sounded reasonable enough, but Eteo needed details only a
few people would know.
“What are the plans?” he asked pointedly.
Herbert explained that they would announce the letter of intent
at the end of the day tomorrow along with the financing that would
be used to carry on with the exploration.
“A private placement of ten million at 40 cents with a two-year
warrant at 50 cents.” he added. “That will give them plenty of money
to do everything they need.”
“Ten million? Can we get some of that, Herb?”
“I’ll make sure of it, Eteo.” His voice betrayed his excitement. “Do
the math. The stock is at 35 cents now, and it will stay below 50 for
the next few days to get the approvals, etc. You know the game.”
“Thank you, Herb, I’ll work with you.”
“That’s what I want to hear, my friend,” Herbert replied. “That’s
why I want you to come very early tomorrow. I want to get a few
shares before the rest of the city finds out.”
“Okay Herbert, I’ll be in early I promise.”
Eteo put the phone down and went back to his food. It smelled
so good by now that it made him pour a glass of red wine. He gave
the sauce a good stir and went to the family room to enjoy his wine
while the sauce reduced. There he ran the numbers in his mind. A
junior company with ten million dollars in potential financing could
easily go from junior to developed company if the management knew
what they were doing. But was the group around Eddie capable of
that? He had to find out. If not, Platinum Properties would create
some excitement for a few weeks after the acquisition and the financing
and then it would go down the sinkhole where most VSE juniors
ended up. He called Herbert and asked one simple question.
“Have you heard of any new people on the horizon?”
Herbert had been in the VSE streets and back lanes all his life.
He just laughed at Eteo’s question.
Libros Libertad 