Post by
jonnng on Mar 20, 2007 11:06am
3 mil shares, private placement?
nobody is talking about the potential effect of the 2.9 million shares which are allowed to come on the market april 21.
exm raised capital dec. 21 issuing at .53 with a hold until april 21.
are these flow through shares that give the purchaser a net cost of .25 and cost exm the tax deduction from future income?
i am long and strong on exm and expect to see 1.00 by the end of the year, but could the price be .40 at the end of april?, if so i will try to buy more.
i will not take the chance of selling now and rebuying later, as i cannot guess the low price.
should be an interesting and maybe entertaining 2 months.
Comment by
daytrader3 on Mar 20, 2007 11:38am
Hi Jonnng,I could be wrong,but I believe these shares were giving to Hochschild for exm part in the JV with them.It's not likely that Hochschild will be selling them.Hochschild knows that they are going to go up in value as they bring the Moris Mine into production in the 3rd quarter.I'm still picking more up at this cheap price.IMHOP.Have a good day pal.