share price , placements, warratnts
posted on
Mar 22, 2009 09:10PM
The warrants won't be exercised unless the share price is over $2.40 because of taxes and commissions,etc. Always good to have new buyers in your pocket just in case. If we aren't taken out you can bet mergers and aquisitions will happen as gold companies need to have goold for future and if Goldcorp is used as an example, dividends are usually minimal because of the need to aquire oz's. Not quite as easy to get into production as oil. We are just starting to climb into the territory we want to be and the last news release is almost the first time a positive news release sent the share price up.
The Obama politicians and the Canadian politicans are dreaming if they think there will be a recovery as early as this fall. People still have a bit of savings albeit no jobs and when the savings start to wane, spending will come to a grinding halt here just like the US. Average Joe still not buying precious metals and a lot of brokers still not convinced. We have a ways to go yet before gold makes the big run.
GM was advertising a 2009 4X4 single cab truck on Friday at 20k with 2 year free maintenace and $1000 worth of free add on accessories. I paid that much for a similar truck in 1995. The want ads are selling 2002's with 200,000KM for 18K.