Redlake is heating up for TBM and HLO. Some think HLO found the goods. Certainly Pinetree wanting in on TBM assists with this rumor. I thought talking about HLO was ahead of the speculations, because there wasn't much discussion. But now I see, Pinetree was ahead of me.
Many of we GNH cash-flush folks are looking at the potentials now and wondering, "should I re-enter GNH with all that gold, FNC with drilling in week or two, or TBM at it's rock- bottom price. Which has a greater potential to double or more? TBM to .12c, NOT to to $2.60, FNC to .90, UC to .22c, HLO at .74c, or GNH to 1.12? I think of it as: either way, you could loose a little (as all are close to rock-bottom, and either way you'll make some, so it's an excellent decision to be in. Go long on all of them, sell a percentage to regain some of principal.
I snicker at our opportunity with our awareness of our little Mining micro-caps, compared to the investors I talk to, who invest with the same level of cash and enthusiasm with Mac and other high SP tech stocks. They get excited about percentages, and we find it barely acceptable at merely a double. My friends who have millions, investing with high SP companies for percentages and dividends make sense, but it doesn't if your dealing with $200 thou or less. Does it? Perhaps with Cliffs.
-sg
Acquires Securities Of Halo Resources Ltd.
Oct. 6, 2010 (Market News Publishing) --
PINETREE CAPITAL LTD ("PNP-T") - Acquires Securities Of Halo Resources Ltd.
Pinetree Capital Ltd. announces that on October 5, 2010, it acquired ownership of 1,000,000 common shares ("Common Shares") and 1,000,000 common share purchase warrants (the "Warrants") of Halo Resources Ltd. ("Halo"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.35 until October 4, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 9.9% of the total issued and outstanding common shares of Halo as of October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at October 5, 2010, an aggregate of 2,050,000 common shares of Halo, including the Common Shares, and rights to acquire an additional 1,600,000 common shares of Halo upon exercise of certain convertible securities, including the Warrants (the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 3,650,000 common shares of Halo, or approximately 17.6% of all issued and outstanding common shares as at October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Halo depending on market conditions or any other relevant factor.
About Pinetree
Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium and Coal, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths. Pinetree's investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
TSX closing price for PNP
Date: 2010/10/01
Closing Price: 1.910
Capitalization Report for Halo Resources Ltd
Shares Issued: 181443464
Shares Escrow: 0
