Post by
Culvercity1008 on May 09, 2024 2:39pm
Warrents and options.
There are plenty of options and warrents with strike prices above $1.00 CND that will expire this year and next, making them worthless and eliminating any dilution they might have created. There are 25.5 million that strike at $.65 CND expiring in 3 years. They do not represent an oversized dilution. There may be movement between the stock and the warrents. The real event that will affect the stock is their earnings announcement coming tomorrow. The earlier estimates of some of the brokerages of $.05 will in all likelihood not be met due to pushbacks on starting 500 t/d production. But they may have other things to say that will be positive.
Comment by
nozzpack on May 09, 2024 2:46pm
Thank you. I agree with your view that Q1 was low grade development ore that might have generated $2 million or so in Recenues. As you point out, the current development status and how much mechanized ( LOM ) ore is currently being mined and milled at 500 tpd and ETA of reaching Zone 500.