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Arian Silver Death Spiral Drawdown underway- attempted placing must have failed

Tom Winnifrith
Wednesday 8 May 2013

We reported here a couple of weeks ago that AIM and TSX listed Arian Silver (AGQ) had tried to get a placing away in the UK and had failed and was thus resorting to tapping investors in the Dominions. The company huffed and puffed and issued an RNS which was very huffy puffy but did not exactly deny our story. Well it could not do so as we had it verified from an investor Arian’s broker tried to tap up …what we said was true.

Well it looks as if the Canadians have as much appetite for the stock as the Brits.  That is to say none whatsoever. For today Arian has fessed up that it has been forced to tap its YA Global Death Spiral equity draw-down facility

 

on ShareProphets.com | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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