rg.v - outstanding wts, from md&a posted to sedar 28oct -
Number/Exercise price/Expiry date
2,258,891 $0.25 November 18, 2009
785,424 $0.90 December 28, 2009
90,000 $0.30 December 30, 2009
40,000 $0.90 December 31, 2009
773,333 $0.15 December 23, 2010
4,514,267 $0.15 July 10, 2010
875,000 $0.20 July 31, 2010
175,000 $0.14 January 21, 2011
So wednesday next those .25s expire, or they get exercised first, the latter would mean 1. the stock trades up above strike in the next few days, which is good, or 2. some/all holders of those wts exercise them even though they're underwater, something that's not completely unknown in the business they say, and portends good things for the stock, as it demonstrates support
They had 1.37m cash 30june, subsequently did placements for 700k ... wrote off the Scossa prop in Nevada, good, the better to concentrate on BC, where they have exceptional properties ... they've got productive use for great gobs of cash, it's a matter of at what level they can raise it ... infrastructure moving in really helps, i think that when sizable amounts of loot develop the taste for high risk high reward exploration, these guys will be high on the list, and then yes it's manybagger material |
