On a separate topic: share dilution

G-9 : A World Class Zinc Mine with Low Cash Costs - Mexico

2009 Production Target: 120 million lbs Zinc, 15 million lbs Copper, 1.5 million oz Silver, 14,500 oz Gold & 6 million lbs Lead

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Highgrader

Rank: President [?]

Points: 24074 [?]

Votes: 176 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

On a separate topic: share dilution

posted on Jan 22, 2009 08:53AM

On a separate topic, shareholders should note that 76.4 million share warrants expired in December, 2008,

significantly reducing the fully diluted share structure of the company. As the company makes the transition to commercial production, this will have a material effect on any earnings before interest, taxes, depreciation and amortization or cash flow per share ratios

" Farallon is now operational and is poised to take advantage of any strengthening in the metals market with an efficient operation and lean cost structure.

It is particularly rewarding to have brought a mine into production while others have been closing. " President and chief executive officer, Dick Whittington