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Sitka Gold Corp V.SIG

Alternate Symbol(s):  SITKF

Sitka Gold Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration for mineral resources in North America. The Company’s projects include RC Gold, Alpha Gold, Coppermine River, and Burro Creek. The RC Gold Project, comprised of the RC Gold, Mahtin, Clear Creek and Barney Ridge properties, is a district-scale, contiguous land package of 1,891 claims covering approximately 431 square kilometers. Alpha Gold Property, located along the southeast projection of the prolific Cortez Gold Trend in Eureka County, approximately 135 kilometers southwest of Elko, Nevada. The Burro Creek Gold Project is located 105 km by road southeast of Kingman, Arizona. The Company through its wholly owned subsidiary Arctic Copper Corp., holds approximately 7,500 hectares of mining claims in two separate claim blocks in the Coppermine River area in Nunavut that exhibit potential to host economic grades of copper and silver mineralization.


TSXV:SIG - Post by User

Comment by givemeabreak1on Jan 23, 2024 10:52pm
108 Views
Post# 35842185

RE:RE:RE:Cash Position!

RE:RE:RE:Cash Position!WetCoat
Forty Million shares at a .02 gain is 800k.  So the day before expiry do you excersise or let it die?  Problably excersise.  The nonsense about warrant taxes negating a small gain is ridiculous and would have little to do with a decision as you would be talking about a theoretical 11% gain in one day.  So an annual compound gain of 4000%.  As for the tax side it would be a capital gain so first 50% would be free of taxes the balance taxed at your rate.

The problem with excersing the warrant is the question of whether the share prices maintains its price in order for you to dispose of your position.  The theoretical gain is based on share price maintaining the spread.  However, you cannot dump 40 million shares assuming everything is constant without puting downward pressure on the share price.

At anyrate if the share price remains the same I suspect a good portion of the warrants would likely be excersised.

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