I agree with you JT. This is a rather tightly held stock and the holders (management) have been down this road several times before. I would suggest that the plan is to have options expire worthless to reduce dilution. Next move is to promote the stock and release a revised resource of hopefully 2 million + that will send the stock toward the .50 cent area in short order. Then a refinance with goals to take the properties to development. In the mean time more drilling to find the mother load which they will find if it exists up there. These guys know this ground very well. If they dont find it then it may be bought out by Metals X once over 2.5 million ounces have been proven. Either way this winds up being a 70 c stock or if the they hit the big one then $2 plus easy at todays gold prices.
- Forums
- ASX - By Stock
- the options......
I agree with you JT. This is a rather tightly held stock and the...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online