Sun Metals Corp. V.SUNM

Warrant acceleration

[Goldnboy1]

Approximately $25+ million dollars in warrants accelerate-able at  if stock trades for 20 days above .75 a share. 

Dont expect to see a financing slow this one down at all!! 

Those warrants will cash us up big time!! 

Nice mid mid day buying opportunity before tomorrow’s gap!

[Goaweigh]

I think it's more like 25,788,400 warrants at .35 which expire May 2/23 =  $ 9,025,940 proceeds Another 1,173,000 at .30 expire May 2/19 = 351,900 proceeds.  The .35 warrants may not come into play until they are well above .35 or until the acceleration clause kicks in at .75 and to get there we will need more big hits. I wouldn't rule out a flow through deal popping up out of

[Goldnboy1]

Whoops!! Too much drunk reading today. You are correct sir! My bad!  Afternoon is here. Time to start up those engines again!!

[SilverKnight]

I doubt they will do a financing at all and if so it will be very small.  The still have to pay Lorraine Copper enough shares that they own 30% of the company and that is after they have spent $6 million.  Lorraine was smart to structure the deal in this way.  It shows they had confidence the work would be accretive.  It will be interesting to see the next quaterly FS, but the

[Goldy63]

Ok SK . You said today you sold some SUNM and bought Lorraine so long and strong on both uh huh . Anyway somebody here is is twisting the truth as what does this mean ?? From todays NR . Further results for an additional 14 drill holes from the 2018 program are pending and are expected to be available for release by year end. Read more at https://www.stockhouse.com/news/press-releases/2018/11

[SilverKnight]

When did I say there weren't more results coming?  I just said they are done drilling for the season.  As they told us today, assays from 14 more holes coming.  Read more carefully before you attack someone with a useless rant.  And yes, I'm long both stocks.