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CALICO RESOURCES CORP V.CKB

"Calico Resources Corporation is a mineral exploration company. The Company is engaged in the acquisition and exploration of its Grassy Mountain Gold Project located in Oregon, United States."


TSXV:CKB - Post by User

Post by greentree001on Dec 11, 2013 1:54pm
254 Views
Post# 21995389

this is what it looks like

this is what it looks likethey (the brokerage houses) are keeping the price in the sub $0.20 level and accumulating. The reasons behind this 1) to have leverage when the deal goes through to push for a $0.30 special dividend and 2) this would leave approx. $10mil cash with a csv of $0.20 and 3) by keeping the price in the current range they won't trigger the warrants (excluding the special warrants priced @ $0.19). But I could be wrong. My preference is to see this go to $0.50. Whatever the outcome will be ... GLTA
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