Quote:
Originally Posted by Otobong
very likely (and with PLE any assessment of probability should be mulled over twice) an accord before Christmas. such an announcement may cause some movement in the stock but mitigated by fact that company would still need to do a financing to put in a drill program. but this time, after many false starts, should finally result in an accord.
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Perhaps, though it may not be necessary to do further financing with all the warrants floating out there:
3,157,145 warrants @ $0.20
set to expire 11 months ago, but were extended // Bamako, weren't you in on this $0.14 financing?
3,880,000 warrants @ $0.25
from another $0.14 financing issued around the same time
16,640,000 warrants @ $0.10
from January's financing, of which the company can call in should the share price close at $0.18 or higher for 10 consecutive trading days
12,177,277 warrants @ $0.20
good for 12 months from their August financing,
exercisable at $0.25 in the second year
While I wouldn't bank on it any time soon, there will be some extra money that will come in from their optioning of Escondida to ECD, whenever they do complete their IPO. One can speculate that there will probably be some significant revisions to the original deal, perhaps less favorable to PLE, due to the general market collapse, delays for the last 3 years, the dropping of some of their concessions, etc.
