The Warrants...
posted on
Sep 19, 2008 05:15PM
Focused on becoming a near-term Gold Producer
'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 |