Orsu Metals Corp (ORSUF)

[downthehatch]

Why has ORSU been moving up? (except for today!)

I think one reason are the warrants issued in April 2010, in connection with the offering at the time.

Here is the press release:
http://www.orsumetals.com/uploads/pricing_announcement_09.04.2010_v6.pdf

Note that the warrants are good for 1'2 share, at a price of .50/share, and expire two years from the closing of the offering, which was approximately April 15, 2010.

I am betting that the share price of ORSU METALS, OSU on the Toronto and London Exchanges, ORSUF on the u.s. otc market, will be worth at least .50 by mid-April. If the price doesn't exceed .50, the warrants expire worthless. If the stock price does exceed .50, the company stands to gain a cash infusion, as the warrant holders exercise the warrants, at the strike price of .50