RE:RE:RE:RE:RE:RE:RE:GCM Mining To Acquire Aris Gold At No Premium To Marketthey get back a lot of cash if warrants are exercised, which can go toward accelerating projects. getting back cash at $5.5/share is good when current share price is in $3 range. it also means share price would be over $5.50 if it gets exercised. the sprott warrants that are over $6 have a good chance of expiring worthless unless the share price shoots up which is not all bad.
looks are a large part of the market. telfer and woodyer in bikinis parading on stage, revealing their well endowed large long life assets is more appealing than seeing serafino in a bikini and trying to understand former ceo paredes speak english.
profittaker1 wrote:
Which set of warrants are people talking about? ARIS.WT warrants expire July 29th, 2025. $2.75 exercise price. They could conceivably be in the money by then at $5.5/share (1 warrant for every 2 out there now). GCM.WT.B warrants are already in the money with a $2.21 exercise price. They expire on April 29th, 2024 but will almost certainly still be in the money. Both sets of warrants could still be dilutive.