RE: Signet held its own ~ Pinetree ConnectionSig
Are you familiar with Sheldon Inwentash? He is an important money man to pay attention to in the months ahead, along with his company Pinetree Capital. Why? They are like a closed end fund and they are taking very big positions in Yukon uranium juniors, among other junior nat. resource stocks.
Now check this out on Sheldon and Signet. It is an old p.r. release I found using Copernic to scan the Canadian web.
Sheldon Inwentash acquires common shares and warrants of Signet Minerals Inc.
Thursday, October 13, 2005
TORONTO, Oct. 13 /CNW/ - Sheldon Inwentash ("Inwentash") of 130 King Street West, Suite 2810, P.O. Box 47, Toronto, Ontario, M5X 1A9 announces that on October 12, 2005, he acquired ownership of 300,000 common shares and 150,000 share purchase warrants (each, a "Warrant") of Signet Minerals Inc. ("Signet"). Each Warrant entitles the holder thereof to acquire one additional common share of Signet at a price of $0.20 per share. In the event the Warrants are fully exercised, these holdings represent approximately 1.87% of the issued and outstanding common shares of Signet calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of the purchase, Inwentash, together with his joint actors, beneficially own an aggregate of 2,504,346 common shares of Signet and rights to acquire an aggregate of 1,985,163 additional common shares of Signet upon exercise of convertible securities (including the Warrants, collectively the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the securities would represent approximately 17.36% of all issued and outstanding common shares of Signet as at October 12, 2005, calculated on a partially diluted basis assuming the exercise of such Convertible Securities only.
The foregoing transaction was effected as a private placement and did not take place on any public exchange or market. Inwentash acquired the 300,000 common shares and the 150,000 Warrants for investment purposes and may increase or decrease his ownership position in Signet at any time.
END OF QUOTE FROM RELEASE./
now take a look at pinetree's site, in particular the featured uranium investments. See Cash Minerals' logo? Signet is not there yet, but I predict it will be.
Also, Dines and Casey are paying a lot of attention to what this guy does, so he is worth following for that reason as well.