RE:RE:RE:RE:RE:May 16 News ReleaseMost other companies by now would have announced a PP to lets say raise monies to drill Skoonka giving those accredited investors participation in the Shovelnose drill results but with a 4 month hold. Westhaven, on the otherhand, chugs along and finances just what they need inhouse and with minimal dilution to shareholders. Some trading could be taking place as they have free trading shares to do so, but any activity along these lines looks to be minimal at best. As for the recent warrant raise, lets keep in mind that a 2000 or so metre drill program was originally announced in regards to Shovelnose where Westhaven drilled closer to 2700 metres. There could have been some cost overruns and maybe a retainer was paid to lock up the drilling outfit for Skoonka. A host of possibilities exists like front loading a few more shares prior to drill results but in the end, its a simple capital raise to fund the company.
I'm with Westcoastwalker on the thrill of just playing this game. The drill results will be what they will be but with each and every hole drilled, more and more is learned about the geology. Between Shovelnose, Skoonka and lest we forget - Prospect Valley, I continue with the belief that the odds are in our favor that something economic will be discovered.
GLTA and thanks for the posts.