RE: Over 120M diluted sharesHi Dfergu!
I would also add to your rebuttle that SST controls some exceptional silver exploration prospects, each of which has the potential to be advanced to production and contribute further earnings. The exploration work can be underwritten through internally generated cash flow so no additional dilution would be necessary. It took CS about 2 years to get Cozamin into production and the same management team is working towards the development of Copala and Claudia. Where will these projects be in 2 years?
I would also suggest that people who wanted to just take the cash value of their warrants would have done so by selling the warrants in the market, rather than exercise them and then sell them, thereby incurring a delay to realize the same net profit. I doubt it is warrant holders selling right now to account for most of the correction, but more probably a sell-on-news event that coincided with a severe correction in the entire sector. If I had spare cash to deploy I would be buying the hell out of SST right now but regretably I am not in a position to take advantage of this price weakness.
cheers!
COACH247