RE: RE: No Major Investors"There may still be some selling due to PP. 30% gain is profit but we like we see. "
The recent selling has nothing to do with the latest PP, there is a hold period of 4 months.
The unit financing consists of one common share and one-half of one common share purchase warrant. Each full common share purchase warrant entitles the holder to purchase one common share at a price of 15 cents for a period of 24 months. All securities issued are subject to a four-month hold period and are subject to required regulatory approvals.
To determine when the operation at Shakespeare becomes economically feasible, one has to pay close attention to the Canadian dollar v's the U.S. dollar. Metals are priced in US dollars, our expenses are in Canadian dollars ( except smelting,which is expensed in US dollars ). Even if metal prices go up, the effect is negated by a rising Canadian dollar. What is really helping Ursa right now is the price of PM's. If the company produce 200,000 tonnes of ore this year ( and I expect they will ) they should clear approx. $2.5 to $3 million. Again, the value of the Canadian dollar will affect the numbers. There is a lag time of between 3-5 months (depending on the metal ) from the time the ore is shipped and Ursa receive their funds. Thus the recent credit facility was necessary to cover expenses until the company see any actual money. If metal prices maintain their recent levels and the Canadian dollar does not appreciate much more, we should start seeing money flowing into Ursa's coffers around mid May.Talk of a $5.00 sp is, to put it mildly. silly. But at .125 cents a share, we have a lot more upside than downside.