RE:RE:So what do we get out of the Treasury Metals dealThe deal with Tresury will close in early August. The deal will close on August 7th. But they also announced a consolidation on the shares for August 11th of 3 old for 1 new. That means the you need to divide the shares ans warrents by 3 to determine how many shares you will receive. So now you will receive .031 Treasury share for each FF share you own . and .0155 warrants for each FF share. FF states they will distrubute the shares to shareholders on record within a year of the closing date of the deal. We will own 19.9 percent of Treasury company with FF.
I feel the company will have more news now because they will be news on three fronts now. Pickle Crow will be drilled and Auteco , Tresury will be drilling soon also and finally you will see additional news coming from Springpole which is the FF flag ship property.
With gold now breaking the barrier of 2000 dollars US you will see the shares of all gold and silver companies start to move hard once gold breakes 2500 US and silver breaks 50 US. So since the market is very slow to value FF I would say as other tend to move quickly take some profits and add to this one. Once we get some excellent drill results going the shares will start to move quicker relative to other companies. You need to remember they did very little after aquiring the properties over the past few years because of the poor market conditions for raising funds. We are in a new game now.