RE:RE:RE:Here It Is BD. Info From Another Board .braindeadoldguy wrote: Goldy63 wrote: More Info .Speculating further I note that in a news release dated the 12th of January 2022 ELEM reports that it is finalizing the letter of intent to buy all the outstanding shares of PLUTUS GOLD a private Company holding 100% of the Snowbird claims. Thats nice.. but at this time PLUTUS does not own 100% of the Snowbird claims until the $2.2 million in warrants or 22 million shares post Feb 4th 2022 are delivered to GIT. I calculate the warrants at .10 each.. 22 million shares valued at .10 = $2.2 million. Now currently the price of ELEM stock is .97 a share so 2,268,041 shares of ELEM stock released to GIT will satisfy the original requirements of the GIT/PLUTUS agreement. A $2.2 million cash infusion via these stocks and the current New Mosher drilling will do a lot to lift GIT stock out of its current bottom. I find it strange that nothing has been said on this matter especially by GIT operators. Anyway by June 30th of this year this has to be done or legally to my mind these claims revert back to GIT.
Thanks Goldy. The letter structure looks like CEO. The above information is one of those layered arrangements that have to work themselves out the way they were created. I don't like complicated structures like this, so let's hope it actually works and comes together the way it's supposed to. Keeping the mining side to the forfront when everthing else is cloudy.
Cheers
Agreed show me the Gold BD . And yes I post info anywhere I find it as thats what people want . Relevant info and that info I posted can become relevant so yup time will tell and humm some news Wed ?. Cheers.