EUROPEAN MINERALS (fka EPM.TO)

[Tackler]

Ya it dipped back for the fill but I never got the warrants which would have been sweet at .41 as it turned out.

[Ed Monton]

NICE !

[Tackler]

Got a partial fill as it took off.

[Ed Monton]

Looks like the A warrants are exercisable at $1.20 and the B warrants are exercisable at $1.55.

[Ed Monton]

Not a whole lot. They are probably the $1.20 and $1.55 ones below.

 
  
 Capital Structure   
 Shares in Issue: 279,153,606    
 Warrants: 7,500,000 @ US1.20 expiring on 23/12/2008  
 1,250,000  @ £0.40 expiring on 30/09/2009  
 71,888,240 @ CDN$1.20 expiring on 11/04/2010  
 2,000,000 @ CDN$1.00 expiring on 30/11/2010  
 38,525,000 @ CDN$1.55 expiring on 21/03/2011  
 8,602,150 @ US$0.93 expiring on 17/10/2011  
 Total Warrants: 129,765,390    
 Agents compensation options and warrants: 4,976,016 Expiry dates vary between 11/10/06 and 02/09/07 at strike prices of £0.33 and between Cdn$0.75 - 1.05  
 Stock Options: 20,815,000 Expiry dates vary between 30/09/06 and 12/11/09 at strike prices of between US$0.37 - 0.86 and between Cdn$0.68 - 1.74  
 Fully Diluted: 434,710,012    
 

[Tackler]

What do you know about the warrants?

[Ed Monton]

I think you are wrong. Look at the volume. This stock is definitely not off the radar.

[Tackler]

Off the radar, probably wont go up on an up day.

[Ed Monton]

On a down day this stock did very well. I am pleased.

[Tackler]

I am amazed that NYBOB didnt create a board for this long ago

[Ed Monton]

I liked this bit from the January 15th news release:


Drilling Results at the base of the planned Open Pit

During 2005/2006 most of the Company's drilling focused on infill and condemnation drilling. However diamond drill hole VC32 was drilled to test for a possible down dip extension to deep mineralisation outlined in the Feasibility Resource Model. The hole was drilled to a depth of 352 metres and intersected 28.6 metres (266.9 to 295.5 metres) grading 13.23 g/t gold and 0.61% copper (true width calculated at 23.6 metres). This intercept is located close to the projected base of the main open pit and may continue to depth. Included within this interval is a high grade copper intercept of 12.3 metres averaging 11.66 g/t gold and 1.37% copper which contains a 0.85 metre intercept reporting 69.5g/t gold continuous with a 1.05 metre interval carrying 47.6g/t gold. A one metre intercept within the lower grade copper section reports 176g/t gold. The mineralisation is focused on a footwall limestone contact and is associated with skarn development - a common control to mineralisation at Varvarinskoye and appears open to the North and at depth.

Drill core recovery in VC32 varied between 96% - 100% and 1 metre sample intervals were sent for assay. All assay values quoted are uncut. The assays of the VC32 drill samples were performed at CenterGeoAnalit Karaganda, a well established laboratory nationally accredited

[Ed Monton]

Nice recovery this week.

[Ed Monton]

Capital Structure
Shares in Issue: 279,153,606
Warrants: 7,500,000 @ US1.20 expiring on 23/12/2008
1,250,000 @ £0.40 expiring on 30/09/2009
71,888,240 @ CDN$1.20 expiring on 11/04/2010
2,000,000 @ CDN$1.00 expiring on 30/11/2010
38,525,000 @ CDN$1.55 expiring on 21/03/2011
8,602,150 @ US$0.93 expiring on 17/10/2011
Total Warrants: 129,765,390
Agents compensation options and warrants: 4,976,016 Expiry dates vary between 11/10/06 and 02/09/07 at strike prices of £0.33 and between Cdn$0.75 - 1.05
Stock Options: 20,815,000 Expiry dates vary between 30/09/06 and 12/11/09 at strike prices of between US$0.37 - 0.86 and between Cdn$0.68 - 1.74
Fully Diluted: 434,710,012