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Bullboard - Stock Discussion Forum Dalradian Resources, Inc. DRLDF

"Dalradian Resources Inc is a gold development and exploration company. The company is based in Canada, but it is primarily involved in the acquisition, exploration, and evaluation of mineral properties in Northern Ireland. One of the company's main assets is the Curraghinalt Gold Deposit located in Northern Ireland."

OTCPK:DRLDF - Post Discussion

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Post by andrewsuds on Jul 20, 2017 11:26am

warrants

Dumb question.. how do we know how many are left? I assume there are still millions of the October ones unexercised?
Comment by profittaker1 on Jul 21, 2017 4:07pm
They most recently announced the conversions a few hours ago. https://globenewswire.com/news-release/2017/07/21/1055761/0/en/Dalradian-receives-1-5-million-from-warrant-exercises.html How bout the recovery in the July warrants? They went from $0.01 to $0.145 in 2 trading days. It really takes some guts to hold and buy at a few cents. I was getting killed till I averaged down at $0.03. I took some ...more  
Comment by jharv25 on Jul 21, 2017 4:45pm
Great to see the update on the exercise of warrants. Why is Wednesday significant for the closing of the deal?
Comment by profittaker1 on Jul 21, 2017 5:16pm
Minco PLC should be voting on approval of the deal at 11:30 AM on July 26th in the UK. So we should know on Wednesday morning since the vote occurs during the night for us here in North America. "In order to become effective, the Scheme must be approved at a meeting of the shareholders of Minco (Court Meeting) to be held at 11.00 am on 26 July 2017. In addition, to facilitate implementation ...more  
Comment by jharv25 on Jul 22, 2017 11:52am
Thanks for that info @profittaker1. I've been following the company for a while but only decided to buy in after the announcement of the drilling expansion. The 2% royalty would be excellent to earn back for Dalradian but I haven't examined the deal in depth yet.