Re: EE exercises $1.35 shares for 2.5 million

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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Pindundrjeep911

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Re: EE exercises $1.35 shares for 2.5 million

posted on Jun 05, 2019 01:28PM

Thoughts on this from forum members? This seems like a huge vote of confidence!

Well it does suggest that EE believes that the share price could increase to $1.36 or greater...at some point in the future. I'm assuming that EE's shares are "options" that needed to be exercised or would be lost??? That being said, I am sceptical that a deal will be reached in the near-term due to the uncertainty of global economic growth. My outlook would be less pesimistic if the US and China come to an agreement on trade in the coming months. If an agreement is reached, I believe we would see an immediate upward reversal of copper prices...coupled with a continuous downward slide of the $CAD. Just my humble opinion :)