posted on
Apr 24, 2013 12:19AM
Thanks for noticing the latest corp presentation update.
I believe the following is a bit more accurate:-
The data in the apr 22 presentation says there are now 67.90 M shares outstanding. On oct 31 quarter end financialsTt
There were 65.078 M shares outstanding on Oct 31 Q2 quarter-end financials.
This means apprx. 2.8M warrant shares were exercised, about half of which were @$1.35 per share and the rest @$1.70.
This is about a 4% share dilution in return for approx.. $4.3 M. (rough rounding) of new capital........ And the share overhang is now gone.
Time for the sections 1800/1900 holes drilled per recent NR assay results, I would think. These results would confirm another very large and ever-richer stepout and stick it to all those bank "houses" such 02; 04; 07; 79; 80; etc etc not to mention good old 01 all of whom have been so active since the April 15/18 PoG gold takedown.
Peter