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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Pianoman1997 who wrote (77910)10/20/2022 12:23:05 PM
From: LoneClone1 Recommendation

Recommended By
Pianoman1997

  Read Replies (1) of 78404
 
Some corrections.additions to my comments on IAU's finacial status yesterday, and yes, it's just gets more complicated.

First off, I was wrong about their cash holdings, which were about $100M as of Jun. 30, not $160M as I said.

But there are also other sources of income to consider that I didn't mention, the most important of which is 25M warrants. They are currently out of the money by about a dollar, but if as I expect the price of gold goes up and takes IAU's share price with it, they are certain to get cashed in. There are also more than 6M options, some in the money, some not.

And then to make it more complicated, you need to take into account the gold and silver prepay agreements and streams they agreed to with Orion.

Darn complicated!

LC
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