American Bonanza Gold Corp ABGFF

Warrants

[RedHorizon]

If I remember correctly there are 32 million warrants which will expire in July if they are not exercised.  The strike price is 45 cents. Maybe being here at .38 for a few months is not such a bad thing.  Wouldn't mind seeing the fully diluted share count shrink.  Another way to look at is that if the share price goes above .45 then that should bring in $14 million in cash from the warrants being exercised.  That's a lot of cash for exploration and growth to the 700 tpd level.

GLTA