Quote:
quote:Originally posted by croesus
Still a holder.
Thoughts. What they need to do is to get the bobcat out and mine some gold, seems to be a lot of flaffing around. Then the S/P will rocket, they are prescient enough to appreciate the HGDCA s, will not get exercised until the S/P ratchets up.
The Cobalt is a wild card. hopefully not a Joker.
Regards Croesus
Thanks Croesus, regarding the excerise date of the Warrants in 07, and considering the likely time slippage between planning and action/results (and this is not aimed at HGD specifically but is a general risk issue to whole mining sector at present). I have requested the board consider (if it is at all possible) the possibility of whether or not they can extend the warrants expiry date (due process accepted - this maybe ruled out up front legally, not sure) So while unlikely, I have asked anyway as I see the "the extension issue" as a valid question to at least discuss. Valid, as as management plans have now changed since the original deadline was set (several years ago etc) and an extension may well allow the coy to better time the call/use of this capital raising, better aligning to new plans etc. Extension would also allow for the FPO price to get to a healthy level above the warrant strike etc (being presently well below strike). From experience, FPO's head down towards strike price, as time limit approaches - so a significant "buffer" is needed to ensure full participation.