UK...Trades... thanks, plausible explanation. But, would they not have known
that last year when Meridian Mining SE was established. Does that mean
we also move to the LSE?
Let's see, $100 million US at 48 cents CDN per share equates to about
275 million shares plus the same in warrants. Sentient isn't about to lose
control of this venture by going the PP route at these levels. With about
164 million share O/S now, a PP (or multiple PP's) would max out at
around 125 million shares (including warrants) for Sentient to retain at
least 51% ownership. (I'm ignoring Sentient's current warrants) What this
means is that our SP would have to be north of $2.00 CDN for it to work
for Sentient unless they are prepared to take a commensurate portion of the
PP (PP'S) themself. That's going to take a lot of PR work! The only way to
accomplish that is with resource estimates... Let's hope!!! In one of their
previous presentations, weren't they saying that resource figures would be
coming later this year? It would surely be nice to see us finally get out of the
penny stock range...
GLTA