MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: StockJock-e who wrote (193)	4/23/1997 9:14:00 PM
From: ray jump	of 440

Hi StockJock and all Just checking back through my notes and realised that there is 2.5 million warrants exercisable @ 75c in July '97. I suspect that the company would like an extra $1.875 million in cash. This should cause the company to start promoting the results from Michaud when they are all in, and I think they have the goods to promote. I realise 75c is not the price we want this stock to be trading at (my rough calculation so far is ~$1.00, even without Nighthawk, which I'm hoping will be released shortly), but 75c is better than where we are now. Anybody got any detailed calculation on what the stock is worth? Regards Ray

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