Tuesday, August 24, 2010

Public Float Figure

I just wanted to correct the figure that I gave before about the public float. Currently the public float is only about 85million shares. 80-90mil and there are 412mil out if rights and warrants were to be exercised.

6 comments:

real_economics said...

That is insanely low. Just curious where did you find that data?

Mrstormpay said...

Low but good, Simply take into account any insiders and large players that own more than 5% of the stock. I don't have the exact figures but I am sure peter could run you through them. I have the math at my pad in the city but wont be there for a few weeks now. Like I said, Simply call Peter and he should be able to give you the break down.

real_economics said...

nice - will do. That figure is so low that any institutional buying would rocket this thing instantly. I've seen it happen. I had Jinshan from .45, sold at around 3.00, then watched it keep going to a high of 6 all within a YEAR!

real_economics said...

And that was exactly during our period. Ramp up from a lower production volume to 100k oz / year!

Mrstormpay said...

Yes, for sure...Sorry I could not get those figures to you.... I am kinda on vacation for a week or so.

Mrstormpay said...

This number is now being said to be 130million with some recent events that have taken place.