Thanks NL
Factors considered included:
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Exercise price significantly above market;
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Overhang effect of extending a large number of warrants, even at higher prices;
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Likelihood of offering warrants with future private placements;
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Wildcat's historical treatment of warrants
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Upside potential in Wildcat from its own projects and in the camps where its projects are located.
What has been their historical treatment of warrants ?
What about the overhang effect of investors buying their placement at $.10 (then they did flow through even cheaper) and now not having the warrants extented at the same price. Does John think those same investors are going to be lining up to buy any future private placements !
Upside potential in Wildcat from its own projects and in the camps where its projects are located.
Maybe Management needs to be reminded we've been waiting some time for this potential to be realized.
Time for Management this summer to acccomplish something that adds shareholder value, I'm thinking a JV or selling one of their properties.
I'll be all ears at the upcoming AGM