So much for making millions off the pumping at PDAC guess those guys have been around the block a few times and have learned that irrational exuberance in the exploration game doesn't usually pay off and what's needed is some decent follow up holes and then maybe, just maybe, they'll allow themselves to get a bit silly.
While we wait for assays in June and the silliness that we hope will follow, it might make some sense to sit back and watch what the Lorraine shareholders do when they finally receive their 39,000,000 shares, there may be an opportunity to pick up some more stock at reasonable prices before the drill starts turning again. And of course the .35 warrants might come into play at some point too although they don't expire until May, 2023.
The warrants to watch are the 1,173,000 @ .30 that expire May 2 /19.
Even though we are supposed to start drilling in May you never really know and those warrants need to be exercised so they might just cause a bit of a speed bump if drilling is delayed.
Just a few thoughts from a guy who's been around the block a few hundred times myself !
GLTA