RE: Warrants...some thoughtsThe 20 cent warrants are now completey exercised and, consequently,
the company has an extra $1.7 million in the coffers as a result...plenty of cash to fund the 2008 drilling plans.
As far as how Exin management performed during the period leading up to the processing of those warrants, I believe that the company did a good job in mitigating the effect of their exercise on the share price. One need simply look at the chart and price performance over the last month or so. Volumes were heavy and all the selling was met by willing buyers at lower levels. Management also issued 5 positive press releases from January 9th through to Friday's announcement on the warrants, so they can hardly be accused of being unsupportive during this key timeframe.
The fact is that the shares put in a bottom a few weeks ago at about 24 cents and finished up approximately 25% off those lows on Friday. There is now no overhang to worry about going forward and the company is well cashed up to proceed with their operational plans. In addition, the Moris mine is clicking along nicely now and should provide another $4-6 million in cash flow to EXM over the next 12 months.
The future appears brighter than ever now for Exmin in the midst of an ongoing bull market in gold and silver.
GLTA