And just for everybody to be clear on Flow-Through Shares:

yes, the company gets $2 per share, that´s the good part.

But.....

BMO and the other institutions (and their clients) can claim tax reductions on those shares, which will give them a net cost basis of between $ 1.00 to 1.20, depending on their (clients) tax situation.

And that will be the price range, where we will see the shorting to, again !

They have their warrants to cover and will push the price down, making money on the way up now (retailer:"wow, a $2 financing @ $ 1.20, that´s great. If the institutions pay that, I can´t go wrong with bidding the price up to that level, can I ?")

.....AND back down to the $ 1 level through shorting.

Don´t be naive that it won´t happen again. They´ve made $ 100 million+ with this scenario last year on the back of PRB (retail) investors.

FANTOMAS