I don't think we'll see much of a pop in the share price until the financing closes. The outcome of the vote was a foregone conclusion as who in their right mind would vote against this. The key here was not the vote, but that the deal was still on the table by the time of the special meeting. If Scola and Finskiy were going to bail, they would have done so by now. It doesn't hurt that the price of gold is over $1,160. At that price San Juan is worth more than the current market cap.

Until the financing closes I expect that there will be lots of shares for sale at 20 cents. I'd be happy to exchange my shares for a 20-cent Flow-through share (with a net after tax cost of probably somewhere in the 12 to 14 cent range) and a half-warrant. That's the reality and pain of including warrants with PP's. I would have prefered that Scola and Finskiy took the whole PP as these guys aren't interested in flipping for pennies.

What I'm most looking forward to now is the announcement of the new Directors and a new Chairman of the Board which removes the iron grip that PK has on the company. Maybe then the share price won't have such a severe management discount. I'd prefer any other good news to wait until that happens.

Glorieux