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Defense Metals Corp V.DEFN

Alternate Symbol(s):  DFMTF

Defense Metals Corp. is a Canada-based mineral exploration and development company. The Company is focused on the development of its 100% owned Wicheeda Project, which is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada. The Wicheeda Project consists of 12 mineral claims covering an area of approximately 8,301 hectares (20,534 acres) located 80 kilometers northeast of the city of Prince George, British Columbia, Canada. Its rare-earth elements project delivers critical metals commonly used in the defense and national security industries, and in the production of green energy technologies.


TSXV:DEFN - Post by User

Comment by Maxmoeon Sep 10, 2021 1:50pm
177 Views
Post# 33840571

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good Move Up on Double Average Volume

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Good Move Up on Double Average Volume Well, I guess we'll see how well informed shareholders and regulators are about that agreement in November. I'm waiting until that excrement hits the oscillator.  Why didn't defn exercise their option before the wainwright deal I wonder? Maybe they hadn't spent the minimum $2 million since nov 2018? It would have saved millions of share dilution. There were only 50 million o/s pre that financing so option was 'only' 25 million. I hope there weren't conflicts of interest due to influence and benefit of spectrum. I note for example, director burgess, is the cfo at spectrum and I must assume, somehow benefits from the greater number of shares gifted to spectrum. Hmmm.  The sedi filing for burgess shows a very minor shareholder not depicting any interest in the 40 million shares currently due to spectrum. Or if not, he better have a good securities lawyer. Time will tell I guess. The market has really not reacted at all to drill results so I'm not as optimistic as you are about the reaction to a pea happening short term, nor how the reaction will fare in comparison to the massive dilution. Good luck to all. 
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