RE:RE:RE:RE:RE:RE:RE:You can see why TTX might be reluctant to do more drillingKozmoT wrote: Huh? I agree with you they are in the same position w Cominiere as AVZ was and could lose it but your calcs on the numbers are a wee bit off ... $500K plus 35M shares at SP as of May 17 2022 (date of amended agreement) comes to only $3,650,000 - that's just over 1/3rd the original agreement value.
The glaringly obvious reason they had settled for that is the results of the waste pile drilling ... SUCKED. Its not rocket science.
I think you misunderstand the whole concept of taking the shares vs money.
So i can understand why you are so disgruntled with the company and think you are getting ripped off and hence the results must be poor. Maybe i can help your understanding.
Money (now) vs Shares (future)
if you opt to accept the shares you are gambling on the price of the stock going up which means it doesn't matter what the price is the day the contract is signed. The only reason for the stock price on the day is of any relevance is to determine how far it has to go to get their $10M
In this case, with 35M shares the stock price would have to double. (why do you think they came up with 35M shares? why not keep it at 20M? or 30M? or 40M?)
With the old contract of 20M shares the share price had to go from 6 cents all the way to 50 cents for them to get their $10M, which is a bigger gamble. Hence the renegotiation of the contract.
What does it matter what the share price is on the day unless they plan on selling them that same day. And if they did them they would be better off just taking the $10M. Instead they are confident and have good reason to think the share price will at least double the current price.
Understand now? After all, its not rocket science ;)