OTCPK:ASLRF - Post by User
Comment by
dwotherson Mar 14, 2007 1:08am
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Post# 12413919
RE: Issue of shares
RE: Issue of sharesMy read of the message you posted is that the warrants have been exercised. It is very concise. I would imagine if I had warrants at 17c I might be selling some, probably at least enough to pay for them, so 2-300,000 sold I imagine.
I think the stock has more room to move up. The ore in some of the properties is right on the surface, in existing mines, and indeed, they can quickly turn some of this into cash flow.
I took what is below from their Feb 19 press release. I can't read this crap when it isn't formatted, so I've formatted it.
From Core True Ag
| Drill-hole | (m) | To (m) | Length | Thickness | Au (g/t) | Ag (g/t) | Equivalent |
| | | (m) | (m) | (g/t) | (i) |
| CAL-06-017 | 103.75 | 110.4 | 6.65 | 4.70 | 7.17 | 1,054.64 | 1398 |
| inc. | 105.45 | 106.4 | 0.95 | 0.70 | 28.30 | 4,450.00 | 5808 |
| CAL-06-011 | 199.2 | 206.25 | 7.05 | 6.30 | 6.80 | 154.42 | 480 |
| inc. | 200.85 | 203.5 | 2.65 | 1.90 | 8.23 | 235.01 | 630 |
| inc. | 205.25 | 206.25 | 1.00 | 0.70 | 13.42 | 106.00 | 750 |
| CAL-06-002 | 82.05 | 96.0 | 13.95 | 9.90 | 0.21 | 120.98 | 131 |
| inc | 90.1 | 96.0 | 5.9 | 4.20 | 0.18 | 177.02 | 186 |
| CAL-06-001 | 117 | 119.2 | 2.2 | 1.60 | 0.9 | 409.1 | 452 |
| inc. | 118.5 | 119.2 | 0.8 | 0.60 | 2.5 | 1150 | 1270 |
| 143 | 143.2 | 0.2 | 0.14 | 4.46 | 3550 | 3764 |
(i)Silver equivalent grade is calculated on the basis of US$12.50/oz Ag
and US$600/oz Au.