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researcher59

08/17/05 12:17 AM

#19696 RE: GettinThere #19678

GettinThere: re TGB diluted share count

Wow, there sure are more warrants and preferred shares than I was aware of. According to the SEDAR document you reference, I now count about 145M fully diluted potential shares, though some warrants are 'out of the money' and would not be included in the fully diluted share count until they go in the money. No wonder the stock is treading water. And no wonder they seem to be secretive in their press releases about the basic and diluted share counts.

The only big winners have been the buyers of their private placements. Units of stock and warrants offered at a deep discount to the market price. Very frustrating.

Nonetheless, I find it ironic that the stock traded as high as $1.85 just last December, when the price of copper was around $1.40 per pound versus $1.75 now. And they were still many months away from profitability back then. The market is hard to understand sometimes. I guess the stock was up purely on anticipation back then ....

I'm going to hold all my shares, but won't be adding any unless we see the mid .80's .... hopefully we won't ! But year end tax loss selling may come into play the way the stock is acting ....

I've never been a fan of mines, and TGB along with BWLRF may be my last investments in that sector. Huge share counts, dilutive private placements and overly optimistic pojections seem all too common ....