Mercator Minerals Ltd MLKKF

RE: Cash from warrants?....not critical

[ElJ]

lskyhigh,

I suggest that the WT.A warrants are a "gift" rather than a serious source of future funding to Mercator......  the following is a summary from Mercator public information:

Subsequent to December 31, 2008, the Company sold to a syndicate of underwriters, 33,349,425 units (each a

“Unit”), to raise gross proceeds of CDN$23,344,597 ($19,120,810). Net proceeds from this

transaction were CDN$21,863,564 ($17,907,743). Each Unit was comprised of one common share (the

“Common Shares”) and one-half of one common share purchase warrant (the “Warrants”). Each Warrant

entitles the holder to purchase one additional Common Share of the Company at a price of CDN$1.00 per share

for four years after closing(early 2013).

IMHO, the "A"warrants have contributed  to some of the volatility and very large trading volumes(rel. to capitalization) through "their protection" for shorters.  Some longs on this board will know from previous occasional posts, that I have been a serious investor in Mercator  since the low $0.40's(mid-February 2009) and an even bigger stake in ML.WT.A warrants since their leverage came into play.  I hope that this information is useful to you but consider carefully that leverage works both ways,

Peace,
Good Decision-making to All,
ElJ