RE:RE:RE:RE:RE:RE:RE:MAE-RTThe rights deal is very attractive.
Not much for sale either.
As time proceeds, I expect that the ask will move progressively upwards to about the option price of 6 cents.
The objective will be to make the rights more and more attractive for purchase and conversion .
At 6 cents even paying 1.5 cents for the rights makes sense.
SCP almost certainly will resume their coverage friom early 2023 which was at $0.16 but before they purchased the Pine Cove assets and the tolling MOU .
Dundee almost certainly will provide coverage as well.
Plus, Colin Kettle of NFG has stated his preference for mining Queensway which is Sprotts view as well.
That MOU is still active awaiting the Iceberg deposit mettalurgical results...and perhaps the next deep drill results.
That will be very big news .
So we are very well positioned for fundamental advances in our share price .
I am assuming that the Consolidation will be shortly after the rights close