TSXV:AUN.H - Post by User
Comment by
mapleleafon Mar 26, 2004 9:36am
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Post# 7269994
RE: warrants
RE: warrantsLet's see ... there were 11 million shares issued at $0.10 in the private placement. Each share had one whole warrant excercisable at $0.12 attached to it. Seems to me you can sell one or the other and hold free shares. Haywood brokered the PP, and I see they have been an active seller. Probably some jitnied trades too. If I was involved in the PP I would be selling. The real players don't stick around for drill results. They are getting ready for the next PP whether it is with AUN or another company. The sell orders are stacked up, so things don't look good. It's still possible for good drill results to come in, but it's too much of a risk unless you are holding cheap paper. For those of you that are holding, I wish you luck, but I've seen this game played too many times. At least the exercised warrants are adding a little more cash to AUN.