RE:RE:Gotta give cheap PP offering to new CEO and his team107,3mio shares out
4,35mio warrants at 2CAD/share expiring end of august this year
10,5mio options striking around 2CAD
now we add 17,8mio shares and 8,9mio warrants at 0,40CAD
So we have 125,1 mio shares out and somehwere around 149mio fully diluted.
Cash should be around 12-13mio (assuming 500k/month burn rate) and when we take all the warrants options into calculation it should be an additional 23mio CAD or so...
The placement is not nice but this is O'Deas baby and he is making the calls no matter if we small retail investors like it or not...
So a company with 150mio shares and 20mio CAD in cash and the projects Pilot Gold has is still attractive but of course PP's below market and warrants just 20% out of the money with a 2 year term...
Just my personal thoughts. DYODD.
carinthian