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Message: Re: PP execise date approaching...Totall... agree with glorieux...
8
Aug 27, 2010 10:01AM
3
Aug 27, 2010 03:40PM

Who said... "As for the PP shares and warrants, I hold warrants from last December at 15 cents and May at 25 cents. Unless FC calls me and says he needs money, I have no intentions of exercising these options as I believe our SP will be multiples of where we are at some point while these warrants are still exercisable. There is no holding period once you exercise warrants. As soon as you exercise them, you can sell the shares from them. That is why I would like to wait till we are northo of $2 before exercising them. I believe most PPers are along the same line of thinking. "

I hold warrants from both PP's as well and I have absolutely NO intention of selling any of these until the S/P is north of $2/share as well. I think Frank must have been reading my mind... but I will only be selling approx. 5% at that price as I can see the value of where we are headed and I don't plan on jumping off the ship before we get to the finish line... unless we do an Osisko, of course, in which case I may be selling out a bit earlier than the finish line... I'm not counting on any of this, but I sure am "hoping for it a lot!!!" Not the Osisko, mind you, but a nice steady share price increase over the next 1 - 2 years to..........

Anyway, my shares and warrants are safely "locked away" like many others, I am sure. Sure wish I had been on site to watch that guy who flew in on the helicopter saying, "this is huge, this is huge" over and over again. That would have been very cool to see... Have a FABULOUS WEEKEND, everyone.

Oh, and thanks for those who WERE at the site and will be sharing!!! I am absolutely green with envy that I could not join you there. I sure plan to someday in the not too distant future :-}

Herb

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