The text of the UOG article is given below. i.e they sold their options at 0.03 cents. Now this equals 7,014,238 * 0,03 = 210427 cents which equals 2104 dollars. So please tell me why my calculations are wrong one one of us needs to either get another version of excel or go back to school.
Uranium Oil and Gas Ltd has sold all of its options in Terrain Minerals Ltd. The
options were disposed of because they had limited strategic value.
The number of options sold was 7,014,238 at 0.03 cents each and the sale was
finalised on 28 October 2008.
I suspect, but do not know, that the options were sold as a "sweetheart" deal. Either way, its not good news.
Like others I', ;osing heaps on TMX.
Franksly a 2 gram gold resource is not worth much, do your sums. The nickel play sounds grat but nickel is not a prised commodity just now. I repeart my earlier reocmmendatkion; put David Zohar as president.
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