In other conversation, a few more things:
1. Wildcat has enough money on hand now to carry it through this year. It may look at issuing some Flow-through at year-end if the market conditions are conducive.
2. On the matter of the warrants that expired, John expressed some empathy for that situation, noting that some of the Directors were also affected by that, the fact that the share price was so far from the warrant exercise price left little reason to extend the warrants - if anyone was interested in acquiring more shares, they were better to do it by buying in the open market. However, mainly, the Company has never changed terms of warrants before and it prefers to stand with the arrangements it has made (as it has by not changing the terms of previously issued stock options).
3. The Company continues to work on moving forward. It cannot control the general market conditions that are affecting most junior stocks. It also wishes it could have had better results from the drilling done at the Jeep, but how can you predict whether you will have greater success in one location versus having drilled a few feet further over when the results can vary a lot of short distances?
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This concludes my report from the AGM.
NL
