RE:RE:Interesting...Great comments. Couldn’t agree more!!
They gave a discount to Teck by letting them have those shares. The fact Tech didn’t want a warrant tells you they are in this for the long haul. The share structure matters to them. Less shares to buy out eventually. If this turns into a mega deposit it would not be uncommon to attract hostile interest given the lack of grade A ground available for development globally.
Although post Teck shares we will have about 115 mil os. The breakdown works like this....
Sunm insiders - 33 million shares held.
LLC - 32 million shares held
Teck - 12.5 Million shares held
me - pushing 800k
78.3 million shares total held in hands that we do not expect to be selling shares in open market.
36.8 million shares left over for common trading shares.
That is one right tight trading structure for a company with arguably more upside potential than any other stock on the TSXV in 2019!!!