GREY:MGXMF - Post by User
Post by
confusedelaineon May 12, 2017 6:17am
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Post# 26235549
RE:Driftwood
RE:DriftwoodThere is a new amended PP filed on CSE.........Wilwal....Jared said testing mining in Invermere gravel pit almost complete....I think a lot of things are going to come out one after the other and a lot of things join together....in email Jared put it Lithium/Magnesium brine extraction plant....and they have a lot of other projects in water handling......I think a super important point is the fact that Bergdex got most of the placement again ( they got most of the other $5 mill placement as well at a really low price and have not sold any of their shares ).....for other important points you have to really read how complex the PP is.....Special warrants exercise no later than Sept 2017...plus if stock trades over $2 for 10 days in a row the company can accelerate the exercising of underlying warrants within 30 days....so I would say to be part of the PP one would have to be prepared to exercise warrants at $1.15 at any time....I could be reading everything wrong but for me everything seems to match what Jared said........And just to be clear Phil I said in production by end of 2017,,,...full mass production 2018.....In the long run we will all have to wait and see