Ann: Prospectus, Appendix 3B and letter to Option, page-7

re: Ann: Prospectus, Appendix 3B and letter t...
RE: Ex date 15 Dec

Instead of ex-date being the day trading halted. Well,Kentor Gold did the same thing as I asked myself the same question why the lower priced rights entitlement was not just provided to existing shareholders prior to the announcement. The price did not tank on opening nor was it strong,...weak holders were quickly flushed out and there was general price stability...guess what? New shareholders bought in because price of gold climbed and if price sustains they're already making money on their entitlements.

So if silver price moves up between now and next week, initial price weakness would be temporary and in fact will attract new buyers in.

1,234 million shrs @ 4.7c gives $58m market cap with $16m cash gives enterprise value of $42m. With silver price expecting to do a lot better from here, don't see as being that bad really.