100% interest in the NMX East, a lithium property tied to Nemaska Lithium Inc.’s (TSX.V-NMX) Whabouchi property in Quebec with 23Mt Proven and Probable @ 1.53% Li
Comprised of 23 claims which cover 1,200 hectares and is located within a few kilometres of Nemaska’s proposed mining pit.
Nemaska Lithium is developing the world’s newest lithium mine in Quebec and has signed agreements with its key stakeholders, gained the required permits and was recently awarded both Federal Environmental Approval and the Province of Quebec Mine Approval
Pardon my ignorance but, while i know what warrants are basicly about, i dont know whether the warrants' trading action, or their terms, can have the effect of pushing the stock's price to the same level as the exercise price of the warrants.
Is this what happened today - Goldcorp's SP over the last couple of days has gotten pushed to about $45.77 - within 2 cents of the exercise price. This is why i'm thinking that the warrants terms had that effect on the stock's SP. Or is that something just coincidental? Otherwise, i know of no reason for G's SP to just drop down to there all of sudden since the news on the warrants was released.
Thanks for your help, anyone, in spreading some understanding about how this works and what's going on here.