Almost all warrants controlled by billionaire ElliottElliott International Capital Advisors Inc
Common Shares 95,862,113
Warrants 54,409,749
Singer, Paul Elliott
Common Shares 88,976,976
Warrants 37,525,669
Billionaire Elliott controls 91m warrants.
The latest Financial statement says there are 91,036,400 warrants issued.
The latest MDA says there are 96,257,176 warrants plus broker compensation options/warrants.
The July 17, 2014, 67,586,400 warrants are subject to be accelerated.
Clearly Elliot controls all the warrants except for a small percentage given to the broker.
A billionaire is not likely to need to sell shares to raise cash to pay for exercise of warrants. Selling only makes the huge number of shares he owns lose value.
So there is a good chance acceleration of warrants won't dip the price, except for short term clueless small investors holding no warrants who react to news.
Analysts would say it is good because of influx of new cash on exercise.
It is pretty much certain this hugely profitable project will be built if gold is near $1200, with a deep pocket billionaire already backing it. The project is profitable even at $1000 gold as stated in the feasibility study.