Post by
blackgold14 on Sep 24, 2020 1:39pm
Warrants Could Still Get Exercised
The 23.3 million warrants outstanding could still get exercised even though they expire in a few days. For the holder(s) it would be nearly impossible to acquire the same number of shares on the open market at an average price of $1.70 - $1.77 even though the stock has declined to the $1.40 - $1.50 this week unless of course there is a prolonged correction in the gold price and sector. I don't see that happening - the correction this week has been all about manipulation - it will be short lived. I've been buying gold and silver stocks heavily this week. More and more buyers of gold and silver are demanding physical delivery of their purchases. Institutions are having great difficulty in meeting these demands. The day of reckoning is coming for the institutions who criminally depressed precious metal prices for the last several decades. The warrant holders may exercise if they want to own and hold for the long-term a share position of close to 20% in a dirt cheap, debt free gold producer. But time is running out. We'll know by next week, what they have decided.