Won't get anywhere near 4c?
here is some recent trade history that shows just how quickly it COULD get there (with silver price help of course!)
30/10/20240.0360.0380.0310.032-0.002-5.8827,860,111
29/10/20240.0310.0360.0310.0340.00413.3324,392,388
28/10/20240.0300.0320.0300.0300.0013.4515,823,581
25/10/20240.0300.0320.0290.0290.0000.0017,375,031
24/10/20240.0290.0300.0270.0290.0000.0031,508,782
23/10/20240.0300.0360.0290.0290.0027.4181,541,240
22/10/20240.0230.0280.0230.0270.00522.7356,367,303
21/10/20240.0190.0220.0190.0220.00422.2251,032,672
So less than 2 trading weeks from current price to 3.8c? that is only 10% away from 4.2c strike!
NOT sure where you got the 100M valuation needed for option conversion....
1.5Billion shares * .042c = $65M add the $21M that the company will be getting in CA$H - still not $100M market cap! (not that $100Mill is that much anymore anyway!)
I think it was a great level to set the strike price- otherwise they really would not be getting anything meaningful when silver price goes for a new high and conversion DOES happen!
just my 2c! Go Silver!
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