WtlessB,

The SE extension results look good. But the SP has not gone ballistic, as expected by some of us.

However, the volume is still low which has a sigificant controlling effect on the SP. I believe some wts are being exercised when the SP pops up above say $1.72, and sold into the market right away to make a few cents per share.

There is still a fair chunk of wts to be exercised (a brave guess would be a bit less than 85% of something like 11M wts? = ~9M (@1.7 ~$15M potentially available for the kitty).

The company PR department can certainly do something to help the SP (have they got their COO yet? this person could help). Writing a comprehensive piece on the latest results with all relevant results/pictures in one place, especially with an interactive 3-D model from "Corebox" would be a good marketting exercise.

Or, they need to release another NR such as acquisition of some piece of property like "the wedge" (the missing link, a 500m gap, between hole 256 and what they just found under ice @ 1700SE) along with some news that drill(s) have been mobilized to that parcel of land to start drilling pronto. Bet that this would boost the SP up and a flood of exercised wts.

goldhunter