Free
Message: warrants from financings...

I believe the last PP financing we did was around March or April for 5-6 million at 8 cents with warrants at 10 cents...prior to that Jan or feb for 9 million plus warrants at 10 cents. So we ahave seen a alot of sellers at 10 cents take a small profit and no doubt keep the warrants. The good news is there has been support to buy those shares..probably more to come. The other side of the coin is that there are approx 7-8 million warrants that could be exercised at 10 cents...if the price of the stock hits 15-20 or higher cents in the next few months which I am betting will happen...this will create approx $700,000-$800,000 of financing for UC as the warrants are excercised. So with the mexican loan,some cash flow starting from the mine and the $$ from these warrants we should be able to avoid any further PP's and hopefully be able to finance our needs for the future.

Share
New Message
Please login to post a reply