Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) Message Board

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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)

AEM 198.70

+0.7%

Feb 4 3:59 PM EST

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To: Gary H who wrote (1565)	10/31/2002 5:46:18 PM
From: I_C_Deadpeople	Read Replies (1) of 1612

They are only half warrants and they are set at $19US (29.80 CDN), well above todays price so they are irrelevant for the moment. The new shares are at $13.90US (21.80 CDN)so until something is done with the cash there is no true dilution as the cash equivalent is higher than todays stock price. That is why I thought the reaction was kinda knee-jerk, perhaps to the thought of dilution. I would have preferred if they hinted at the purpose for funds - expansion of the mine, acquisition, etc. In my mind, better to do this now while the market has a solid footing and if it is for an acquisition then all the better. Just MHO.

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