GREY:KXLAF - Post by User
Post by
red911on May 12, 2011 11:03am
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Post# 18565808
Warrant shares being sold...
Warrant shares being sold...In addition to all markets being red today (IMO because of propped up $US today)... we are likely seeing some of the in-the-money warrant shares being sold. Nothing unusual about this. According to share count only about 1M of the 12M warrants have been exercised yet so we may see some selling pressure in the absence of news. Won't go much lower than we were this AM IMO. Warrant holders have until June 6th to exercise. We are due for assays so I would not be surprised if we do not get news in the meantime to soak up any and all warrants shares that wish to be sold. Not all 12M warrant shares will be sold mind you. This forced warrant share period represents a buying opportunity if you are bullish on POG and hence bullish on 2 (3-4?) million oz Au deposit that will have a bankable feasibility study completed by Q1 2012 (i.e. 7-8 months from now). JMHO.
P.S. IMO watch the $US tank and commodities bounce this afternoon once the 30-year auction is over. Coincidence? Don't think so IMO.
red911