Re: No magic $1.05
in response to
by
posted on
Oct 20, 2012 02:28PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I'm really confused by the whole black out thing.
Sept 10 - Copper Fox announces a PP of $4M with Ernesto (link here)
Sept 30 - Ernesto's warrants from Oct 3, 2011 should have expired (link here)
So what may have happened is between Sept 10 and Sept 30, Ernesto entered a black out period. This would allow him to fund the Sept 10 PP while having the expiry date on his Sept 30 warrants extended. If that's the case, I don't know why the PP is still open. Someone in blackout surely can't modify the terms of their PP?
Or perhaps I am misunderstanding and the warrants have expired and this info is not published on SEDI?