Re: warrants-puppin

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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puppin

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Re: warrants-puppin

in response to

Re: warrants-puppin

Milsy1

posted on Apr 15, 2008 07:38AM

Clearly I must be missing something!

These are the numbers I'm looking at.

My reading of the Feb. 4th NR says 6.5 million units for gross proceeds of 26 million dollars.

Todays NR says 2.5 million were exercized for proceeds of 12.5 million dollars. Based on how much I got dumped on, my interpretation must be wrong? I can find no reference to any warrants being exercized prior to today. Again I must be wrong?

I am long and strong on NOT and hold a much bigger percentage of it in my portfolio then is advisable, so be sure I am not trying to be negative. I do not see todays release as being bad news but based on the above I am surprised we are not closer to the 26 million dollar figure. That is why I see it as being low.