RE:Pricegreendayyyy wrote: Next target .10 and .05 and 0
Not likely. However, in the event of an upside, strong resistance at 0.22 cents (warrants) will be encountered (which is still a bit from where we are now) thanks to raising funds at a 52 week low!
There was already 16M Warrants at $0.22 cents (expiring Aug. 22, 2022). The last placement (brokered;29M and non-brokered 9.1M) adds 39M to it. Hence, now there is 55M at $0.22 cents.
All of them will be in eligible for redemption in the next four months (July 10, 2022).
https://www.kootenaysilver.com/news/kootenay/2022/kootenay-silver-announces-closing-of-dollar625-million-private-placement
In the Amvest Capital talk, KTN reviewed a detailed drilling plan for Columba for the year.
It will be an agressive campaign and they went at quite some lenght with the techincals.
However, they had to put La Cigara and La Negra on hold.
This bring some question to their existing business model. They advance a resource and option it out. Fine but other than the shares being constantly diluted, it seems that the company is bitting off more than it can chew. Also, assuming Columba becomes a star resource will they do the same?
Unfortnuately, its no wonder why KTN is undervalued relative to their peers!
Let's hope that Columba drilling results will be good. Very good!