RE:RE:RE:RE:Contingent RightsThe way I understand it, right now you could sell your rights and get around $0.60 per right. As things go forward and the mine possibly re-opens, your rights will go up in value. You can sell at any time for whatever reason as long as someone is willing to buy. If, however, time goes on and there is no progress on re-opening the mine, the value of each right will go down. If the clock expires, then your rights are worthless. The money that is lost is the money you could have made if you sold earlier. If the mine re-opens, there will be some dilution because more shares will be issued in exchange for those rights but as already mentioned by another poster, there is too much money to be made for the mine not to be re-opened. No money has to be paid directly by the company to the rights holders. It will be an exchange of rights for shares from the treasury. If I remember correctly, it is approximately 20 rights for 1 share. I believe that the closer they get to an agreement, the more volume we will see on the rights as both sides will rush to buy. There is probably already some slow buying from all involved in the talks as there is more money to be made buying the rights than buying the shares as talks get closer to a resolution. If you think the mine will re-open, buy the rights as they should trade at approximately 1/20th the price of a share ( currently $22.42 ). If you think they will expire worthless, sell them now for whatever you can get.
My two cents.