RE:RE:RE:Canaccord HedgingThat's not quite what I was suggesting. My suggestion is no one buys a spec stock ( yes we still are a spec stock ) @ $ 11 with their sights set on selling it @ $ 15 for a profit of only 35 %
The reward just isn't good enough to justify the risk so those buying at these prices have been assured/convinced/brainwashed/pumped into believing their investment return will be at least 100%
I think a gap to $ 17 this Monday is unlikely however if we were to announce a big hit on the extension of hole BR-118, which Tminus1 and I are anticipating, then maybe $ 15 might be possible.
But probably not until after the financing closes, so June 3rd maybe.
I'm thinking we have definitely zero'd in on a sweet spot here so we must be drilling more holes down dip, stepping out along strike, and of course we have a big gap to fill above too, so I'm expecting more high grade intercepts soon.
The guys writing cheques for $ 33 Million didn't just fall off a turnip truck, probably don't play the accordian either.
Donhow wrote: I agree with goaweigh,this will likely gap to $17-20 first thing Monday when those warrants are finally exercised.