Precious Metal Exploration
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AGORACOM WIRE - MONDAY MAY 28TH, 2012

SONOMAX completes $3 million equity financing

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

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Message: "Immense Potential" Another write up Nov 6

Mosebylloyd
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Financial future

posted on Nov 08, 09 02:26PM

the reason the shareprice tanked (besides the obvious "financial crisis") was because DRV had very little money.

I looked into the near future funding possibilites for DRV via outstanding warrants and options....

First via options

  • 1.5 million options expire Dec 21/09 @ 25cents =$375000

Second via warrants

  • 20 million @ 10cents would be forced conversion around Jan 10/2010 if price stays above 15 cents = $2000000
  • 2.63 million @ 15 cents if price stays above 25 cents = $394500
  • 2.63 million @ 25 cents if price stays above 40 cents = $657500

If price jumps above 25 cents (and stays there) before Dec 21 = $375000 + $394500

if stays above 15 cents in early Jan = $2000000

above 40 cents would equal a further $657500

The very real possibility of $3.3 million into the kiddy over then next few months, without having to "go to the market".

Everyone try to buy more shares and drive the price up to these levels lol.

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