The former Wildcat Exploration Ltd HUB On AGORACOM

The company is now known as FUSE Cobalt.

Free
Message: Update.

Update.

posted on Aug 06, 2009 01:33PM

Spoke to Wayne yesterday..

Very wet in th eBisset area lately. Trenching and sampleing progressing slowly, first sample went in a couple weeks ago... So we could see some chip sample results in a few weeks.

SKP has apparently been on the poundmaker for some time.... Would be good to clarify the SKP news on the joint venture and also provide some update on what work has been done.

Sept looks to be the timeframe that things should get into motion...JMHO

----------------------------------------------------------------------------------------

I also proposed an incentive program for the wt holders should WEL move into the .20's

My suggestion was to provide one 1/2 wt for each wt exercised, within a 30 - 60 day time frame. What I suggested would be a 5 year .50 wt that would be tradeable.... future financings could add to this wt for the remaining time frame...

There is a total of about 20 million wts in the .15 and .20 strike price Thus the new wt could potentially have 10 million float if all partisipated.

IE you would have a wt that has percieved value even if below the strike price. One example of this is PNP.... The PNP.WT.B has a strike price of $3.50 and trades @ .50 - 60

The pnp.wt.A wt has a strike price of $6.00 and trades in the .20's

This could add shareholder value and provide future funds for the company....

This of coarse is contingent on the stock price moving up, and it would potentially add over $3,000,000 to the kitty.

Should another financing be required and the stock price is in the .30 - .40 range any wts could become part of the new tradable wt having the same time frame to expiry.

Again this was just my proposal for funding programs moving forward.

Share
New Message
Please login to post a reply