Re: All warrants ``not``exercised!.. xbagger is correct,,..
in response to
by
posted on
Jul 16, 2010 06:08AM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Sorry about that, now I found it:
In accordance with regulatory requirements, Dundee Resources Limited ("Dundee Resources") and CMP Gold Trust ("CMP Gold"), a trust sub-advised by an affiliate of Dundee Resources, announced today that they have acquired an aggregate of 16,000,000 units of Premium Exploration Inc. ("Premium Exploration") at a price of
.25 per unit (each a "Unit") pursuant to Premium Exploration's previously announced brokered private placement financing (the "Private Placement").
Each Unit is comprised of one common share in the capital of Premium Exploration ("Common Share") and one-half of a common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one Common Share of Premium Exploration at an exercise price of
.35 for a period of 18 months from the closing date of the Private Placement . In aggregate, these holdings represent an approximate 14.75% interest in Premium Exploration on an undiluted basis or an approximate 20.61% interest assuming the conversion of all Warrants held .
Anyway my target price is still in, first target $0.7 and then until this end of the year 1$ and with explosion in JPMs can go even higher to $1.5 or... This is very good article about JPMs:
http://edegrootinsights.blogspot.com/2010/07/positive-divergence-in-trend-energy-in.html
A positive divergence in trend energy in the Junior Gold Miners Index suggests quiet accumulation prior to the paper takedown . Quiet accumulation often precedes explosive jumps - better known as bandwagon rallies. Though, in the case of gold and gold stocks, I seriously doubt it will get much coverage.
Also I've heard assays coming within 2 weeks!
GLTA!