sold additional 25% of MOY at US$1.24...
then sold additional 25% of MOY at US$1.27...
covered NEM short at breakeven (loss of commission...), there goes the hedge...
Have 20% of MOY left, will hold this...
At NEM = $39, value of MOY for NEM distribution alone = US$1.15
Will look to purchase MOY again if and when it starts selling to a discount to the NEM distribution...
FWIW, John Embry was not using fully diluted shares when he cited his $1.20 distribution (actually $1.13). Further, at C$1.70 there are more warrant shares that can be exercised at this price, further diluting the distribution...