Sitka Gold Corp V.SIG

Cash Position!

[givemeabreak1]

An interersting event coming up shortly?  As I recall, about 42 million warrants expire shortly (March) unless they are excersised!  They are in the money as the excersise price is .18 so that could add another 7 million plus to the treasury.  If that happens they could do a very large drill program this year at RC.

[jambon379]

March 5th the warrants mature.  I own those .18 warrants and for certain will be excersing them.  

[Westcoastwalker]

I am holding those warrants as well and hoping the assays from Alpha  match the core descriptions!  

[stint20]

yes as per release below.... just shy of 40 million warrants at 18 cents  expire march 5. wonder how many will be exercised MARCH 5, 2021 View News Release in PDF Format VANCOUVER, CANADA – March 5, 2021: Sitka Gold Corp. (“Sitka” or the “Company”) (CSE:SIG) (FSE:1RF) (OTCQB: SITKF)

[jambon379]

I wud guess most of them. I know I will excersise mine for certain.  

[Westcoastwalker]

It doesn't work for me to buy at .18 unless I just want to add to my position. If some want to sell to buy the warrant taxes negates the small gain.  I am cautiously optimistic that holes 13/15 from Alpha will have enough catalyst to make this a no brainer. We don't need to see the moon here just the halo that we are zeroing in on an elephant!

[givemeabreak1]

WetCoat Forty Million shares at a .02 gain is 800k.  So the day before expiry do you excersise or let it die?  Problably excersise.  The nonsense about warrant taxes negating a small gain is ridiculous and would have little to do with a decision as you would be talking about a theoretical 11% gain in one day.  So an annual compound gain of 4000%.  As for the tax side it