A couple of days ago commissioned researcher Edison published a detailed buy note on AIM and TSX listed Arian Silver (AGQ) at 9p suggesting that a target price of 16p was achievable assuming that the company raised $21.4 million of debt and $8 million of equity at the then share price to meet its funding needs until it turns cash positive in early 2015. But life is not that simple, especially in an environment when precious metals prices are crashing.
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