First Asset Morningstar Emerging Markets Composite T.EXM.A

just wondering

[kmilne]

what is the significance of the.60 floor we keep dancing on? Seems like someone has a standing bid to pick up anything offered at .60 What y'all think?

[rainbow1010]

I'm not sure what the scoop is with this floor, I did again check the MD&A from November just to check on the warrants once again. Warrants are not an issue, I can not see if it is the same house holding the price back (anyone), it should also have nothing to do with a PP - someone had mentioned (from one of the gold shows) Karl wanted to do the next placement near a loonie. IMO it is

[OilSandSam]

Our shares have gone from 69 mil. out, to 77 mil. outstanding. We only had 4.7 mil. up for expiry on Feb. 25/07. So that means over 3 mil. came from somewhere, and that is going to be either from the 5.7 mil.@.20 or from the 1.3 mil.@.15 agents warrants. The price being held here would more than likely be from a combination of both (add in some weak hands also), MGI would probably be responsible

[goldhorseshoe]

Hopefully they can get Sprott on board for future financings. MGI seem's to do some real company killers. I know at least a few people who have been effected by them. Every financing Sprott does, seems to result in a higher share price.

[ramblersrest]

.....i thought the plan was to let the j/v partners spend the money on drilling and setting up cash flow from Morris , thus making it unecessary to pump out more paper in the near to mid term

[mouserman]

Yes it would be nice to see the warrant overhang get cleaned up, as that is generally one the biggest detriment to a rise in PPS. Took an initial positon at .63 after the show in Calgary , where I was most impressed with EXM. But , unfortunately i think there is probably plenty of time to get in here around .60 . Some news and drilling results may slow the selling somewhat , but they would

[huesos]

Any idea as to the size of this warrant overhang? This last news release was postive and generated mostly selling.