RE: Re: News>>>Smells like someone is cashing in on warrants. <<<
Cashing in on $0.20 warrants at $0.22???? Not likely. Especially as 177,000 warrants were exercised at $0.20 prior to their expiry on Sept.9th.
It's more likely this was a sell order placed before the news came out. Who would willingly sell out at such a price just as an emerging uranium camp is appearing?
If UraMIn likes the deal and plan to spend the balance of $1.6 Million (and pay $150,000 to WRI), that is a very solid endorsement.
Nothing fishy here. Some selling appears to be the normal course of a stock when it rises rapidly above its current market perception. That perception should change as news begins to spread.