"Mike is hoping that our share price based on the news release's for SGX and the area plays gets us up where SGX will be able to exersise some warrants and raise money that way."...
FYI...
| "The following are the warrants outstanding at June 30, 2009 with a weighted average exercise price of $0.30 each. |
| |
|
|
|
| Warrants
|
Price |
Expiry Date |
Procceds |
| 3,651,500 |
$ 0.18 |
11-Jul-09 |
expired |
| 1,786,000 |
$ 0.19 |
1-Sep-09 |
expired |
| 5,428,570 |
$ 0.19 |
12-Oct-09 |
expired |
| 5,480,000 |
$ 0.75 |
14-Nov-09 |
$ 4,110,000 |
| 12,800,000 |
$ 0.20 |
17-Oct-10 |
$ 2,560,000 |
| 1,000,000 |
$ 0.20 |
25-Oct-10 |
$ 200,000 |
Realistically, about $2.7 million to be had if share price gets above $0.20. Could easily happen IMO assuming we actually do see a NR every 2 weeks or so for next couple of months... $2.7 million more than enough to finance some more drill programs on all three properties... sell or JV a couple and SGX outlook would change completely... let's hope.
As much as I would love to see it I think it's likely the 5.48 million at $0.75 will expire worthless.
red911
