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Arian Silver - another death spiral drawdown: show me the money boyos

Tom Winnifrith
Tuesday 4 June 2013

Away from the Downing Street Cesspit to the AIM Cesspit, Arian Silver (AGQ) which is also TSX listed has served up another classic statement as it yet again tapped its death spiral facility with YA Global – this time raising £216,000 at 5.0199p. Oh dear what bullshit.

The company says that the cash will be used for “working capital and other costs in the short-term, facilitating the acquisition of the El Bote mill, as announced on 15 March 2013”.  Really?

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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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