RE:RE:RE:RE:RE:new math
NF, they sold at a 16% discount to market, (us .99 at close we'd) (or 20% depending which way your going) .83 us. Take another 6% off that for the finder's fee and actual price received is .78 USD per share. Float prior was 247,290,000 ish. They sold 31912500 shares at .78 Which represents 13% increase in float. On wed market cap is 244,817,100 USD. They sold 13% for net proceeds of 24,898,133 (they sold 13% of the company for 10% valuation of the float) The next day the market corrected to reflect this new valuation, so on Thursday the market cap was 231,736,000. Today, in USD, that is now worth 249488000 to 262448000 (.89-.94) Which looks far better, thanks to copper. KW