If all warrants are taken up that would give us about £2.8m in cash, definitely not pennies. It may mean more shares in issue but with the cash in the bank it shouldn't really effect the MC of the company.
I know we don't exactly need the money, but it could go towards paying off debt quicker or decent asset acquisition.
And therein lies the rub. Bearing in mind the recent downward pressures on the SP the worry for me would be if MMs take the price up artificially just for the warrant exercise period. And as I already hold all the shares I realistically need, it would have to be a decent margin over 7p to make it worthwhile. anything over 9.35p would do being my current average.
But it will dilute the remaining shares. I used my warrant money to buy on the way up from 5p and would be happy to see less dilution. BMR does not really need the cash. There are some big numbers out there that dwarf the few pennies we will make
From a purely selfish point of view, I recently topped up at 4.85p and now feel I have more than enough in BMR as a % of my total portfolio. So at 7p a shot, it wouldn't bother me if the warrants were cancelled as long as we slowly move forward.
27p for phase 1 Phase 1 is processing Wash Plant tailings (WPT) at a rate of 40kt/a which is already in construction (to produce ~3.0kt/a Zn and 2.5kt/a Pb). Phase 2 will be to process the Leach Plant Residues and the ISF ****s in a new process line raising overall production to ~25kt/a Zn and 25kt/a Pb So phase 2 will be 8.3 times the production for zn from phase 1 will be 10 times the production for pb from phase 1 so the sp will be by then 7p lol
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