OTCPK:EXSFF - Post by User
Post by
theq_fezon Sep 05, 2012 7:56pm
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Post# 20322172
Warrants @ .50
Warrants @ .50 The exercise price for the warrants in the last financing is at .50 and they expire in 1 year - Sept./Oct. 2013. This gives me the impression that they feel the share price will be above that level. Also there is less dilution with the warrants exercised at a much higher price. As I said before 150 million shares is not alot of shares. I see alot of companies that move higher very easily with 300+ million shares.
Should be getting news soon on that North/South hole, and assays are pending so can expect more drill results (drilling 24/7 - 2 rigs from what I understand), plus funds coming in. And they expect to have 1.5+ million ounces of gold on the next 43-101 in November.
Lots going on and lots to look forward to in the next couple of months.