Recent uptrend The recent uptrend will continue, I bet! there's a big motive for Robec Management to get the SP higher and particularly above the 18 cent level between now and the end of February: the potential to get as much as $1.9M in fresh cash from the exercise of 10.5 M warrants at 18 expiring by the end of this month (see chart below, right from September financials on Sedar). With the mine construction getting ahead of itself and the political climate getting more favorable, I wouldn't be surprised to see the SP getting in the 22-25 cent range soon. I can't predict where we'll be if Robex had a surprise of some sort... We're getting there!
Outstanding, exercisable warrants as at September 30, 2012
Quantity Remaining Exercise price Life (year)
1,038,461 0.18 0.1
5,457,847 0.18 0.4
2,569,076 0.18 0.4
2,450,000 0.18 0.4
184,000 0.18 0.4
Rob