Post by
Wangotango67 on Sep 16, 2022 4:18pm
RIDDLE ME THIS ....
I would think the ( middle zone ) assays are known.
Otherwise - how would they say - and confirm - 800m strike.
I would make that guess and say... gold found outside of sulphides is - the delay. ( lol )
Which - if at all correct - new found gold outside of sulphides should not delay original assays for the sulphide gold -not quite fair - dragging it this long. Nothing like, drag out the resource size.
What's happened since ?
Stock... remained low... new property pushed thorugh...
And... a big fat question - could the 200k larger investor converted their warrants ?
If so... it would mean more claws in the stock.
Were there warrants ?
200k @ 8 cents = 25 - million shares.
if warrants were given with a 1:1
would that mean ( potential ) 25 - million warrants ?
Wish i had some answers....
Someone should call the company and ask....
Were these warrants being converted ?
Ask... what's our new share count.
If warrants were cashed out - we'lll have all the more outrstanding.
With a new bill to top it off... stil lhave ot pay for - indian lake.
Post is pseculative - but...
what is one to do, when there are no answers.
I fele our price is reflective of, fortune.
Zip code - aside of a stock that's seen it's day of, presure, on price...
Is affecting this stock.
Yet.. .sending ores to fortune - forms a connection - thus.... affecting our stock.
It's... why i said... pull away, and just maybe - we see our own pricepoint move
on the baiss of, higher grade gold, with a potnetial closer road - russel to other side of, selmon.
Are we investing in the junior...or, is this a chess game where others are shaping what they want.
The cutsie names are - too much.
Lately... i find myself compunding on those names.
You know.. rhymming.
Here to invest...
Release the results...
Lose the cap on the ask.
And perhaps... test all cores for more minerals.
It's like were being - lulled - into submission.
Austin Powers - Nemisis.
Converting warrants - is similar to another pp....
the warrants are converted to shares.
Quick way of, owning more share control.
If ceo.ca says - rover - has 156 million shares outstanding
then... 10% of this = 15.6 million
HYPOTHETICAL -
25,000,000 ( original at 8 cent placement )
25,000,000 warrants
= 50,000,000 million shares
156,000,000 current share count
+ 25,000,000
= 175,000,000
x 10%
= 17.5 million ( reportable @ 10% )
if an investor has... 50 million
29%
And this is why i'm interested in - were warrants converted - to common shares ?
If not... then... good.
If so... then, what's our new share count and.... what percentage would/could another own
with warrant conversion... with delatyed assays.
And could warrant conversion at higher striekprices - convert - or do they expire.
If they convert at a higher price - are the warrants able to convert to common shares at the currewnt price - meaning - acquire all the more shares - due to warrant value is higher vs xurrent share price lower ?
There's your new weekend task... Ford...
Find shareholders some answers.
Cheers....