Re: Exercise, Cancel or Reprice
in response to
by
posted on
May 05, 2010 10:28PM
Cougar Minerals Corp. is an exploration company engaged in the acquisition and exploration of natural resource properties in Alberta, Saskatchewan and Manitoba.
...looking over the news release a couple of points of interest got my eye.. Eleven holes (2,189 metres total) were drilled on the PFG/Bill property and six holes (690 metres total) were drilled on the Conley property. OK so what was the intention s of the drill program as eleven holes were only drilled to a depth of under 200 meters each and 6 holes to a depth of 120 meters each. I gather from this that these were test holes looking to see what direction the veins are running and from this phase two will have a better idea where to drill.I guess if this news was to discourage investors from purchasing their $ 0.05 warrant then they may succeed. ( Analytical results from drill core from both zones were disappointing,.., but there were no elevated gold values from this zone... There were no results of interest in this hole)..I guess it would be better to have these cheap warrants out of the float and then with phase two drilling suddenly finding a trap or two then the stock would have a better chance to run and a higher PP could be done down the road. Either way i will purchase the $ 0 .05 warrant and reduce my cost base lower than the $.13 option price./ Politics on the Greens, Adopt a cougar. T he game is on. with out prejudice. Traps7