Timmins & Beardmore - Northern Ontario

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Message: The Warrants...

The Warrants...

posted on Sep 19, 2008 05:15PM

'The Warrants'... sounds like a movie LOL...

For those interested here is a detailed listing of 'the warrants' outstanding between $0.18 and $0.25 people keep referencing. If exercised these warrants would net ~$2.3 million to SGX. Of course this assumes share price increases to applicable price to justify these being exercised. An increase to just $0.22 would net just under $2 million. Realistically share price would need to solidly trade at mid-20's for a little while for those holding these warrants to bother exercising them.

Com'on SGX we need these exercised... unless you have a better plan? I am open to suggestions. PP at these prices will not be tolerated by this market IMO. Although we don't really have much downside... although I have thought that many times before so who knows.

red911

P.S. Jacobus pics now posted on website... no trouble to tell this is where SGX wants the attention now... hopefully analyst/fund/broker visit will be beneficial in terms of some actual institutional support and/or buying. Been a while since we have seen any of that. We did see a little blip last visit. We also need some 'not paid for' analyst coverage.

Under $0.20 warrants outstanding as per June 30, 2008:

Number Price Amount ($) Expire Notes
937,500 0.22 206,250 Mar19/09 MineralFields Group; 2 hidden placees
150,000 0.20 30,000 Mar30/09
3,651,500 0.18 657,270 Jul11/09 25 hidden placees
1,786,000 0.25 446,500 Sep1/09 3 hidden placees
5,428,570 0.19 1,031,428 Oct12/09 RBC 2,499,999; 2 hidden placees
11,953,570 $ 2,371,448
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