Looks like they were .45 wts...

Managment seams to have exercised their lower priced wts and replaced them with higher priced wts, and are holding the stock.

Positive on 2 fronts.... managment holding larger positions.... and the possible conversion if Cliffs decides to make PRB an offer to monitize the chromite. If that happens the outstanding wts and options plus existing cash would fund the new co, probe gold.

All we need is an offer to buy our chromite resource and it's game on.... when that happens look for a gap up to that offer price plus $1.00 / share for Borden et all assets conversion....JMHO

Note that Pinetree is the majority shareholder and has done nothing in spite of a huge increase in price since their last sell of stock..... That tells me the PNP is likely locked up allready or at least privy to any negotiation, or see's things as we do...JMHO