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)

Free
Message: Super news..Vote of Confidence
Reply New Message
Prev Message Back To Forum Threaded View Next Message

I am wondering about the following passage:

"The Convertible Debenture continues to be convertible into common shares of the Company at the option of RCF V, with the conversion price having been set at C$0.20 cents per common share (previously C$0.34 cents per common share)"

Quite a slump in prices, isn't it. Does it mean they believe we won't see a sp above 0.20 any more? Of course, 0.20 is still higher than the present sp!

4 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply