with regards to commenting on the company GBR ....... I can honestly say I wouldn't comment on any company that I haven't had in my watch list for a minimum 6 months . You'd be far better off asking the traders who post here during trading hours . I'm more of an investor and on that note time I invested some some on me lawn ...... lol
Clearly you an an expert here, its extremely valued. Know we shouldn't talk about other shares here, and its very speculative atm but wondered if you might jump over to the gbr board and see if you think a similar scenario might be unravelling there, like it did here from a few years ago albeit with many outstanding caveats & questions and in different mining sector.
It wouldn't surprise me if these new shares haven't been forward sold with the high volumes we've experienced over the last month . Alas Mr.Colin Bird is on the BOD of TIR and believes Mr.Jan Nelson can do a good job so will fight as hard as he can to hold as many Xtract Resources shares within the NAV of TIR . As your probably aware TIR is a financing company with no revenue and depend upon buying and selling company share to stay afloat . Therefore I wouldn't entertain considering TIR as being under or over valued .
as of 19th May 2015 , TIR ( Tiger Resources ) held 50m shares . With the exercise of warrants giving them a further 172,957,884 meaning TIR will hold 232,957,884 shares from the 28 May 2015 . An RNS should be issued same day stating threshold crossed .
Fantastic swift response spacemen, thank you. In regards to Tiger resources I am confused. Their current holdings show as 344,827,584 xtract. But that isn't true is it ? Having been now an amateur investor, I am trying to get my head around some of these complex deals, where to find historical info and how to price it all in. Clearly if Tiger hold that many shares, it is an extremely undervalued stock in itself, but on xtracts website it does not show them as a major shareholder. Spacemen, can you help explain this and where is the best place for me to piece everything together like this in general ? Thank You in anticipation again.
Issue of warrants In part settlement of the outstanding fees due to Cenkos, Xtract will grant Cenkos assignable warrants over 172,957,884 New Ordinary Shares exercisable at a price of 0.0435 pence per share. Should Cenkos notify its intention to exercise such Cenkos Warrants, Tiger Resource are entitled to require the Cenkos Warrants be transferred to Tiger Resource on payment of the then current share price minus the warrant exercise price per warrant, and shall exercise such Cenkos Warrants that have been transferred Half way down page attached approx www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=taltlzud&ArticleHeadline=Subscription_for_New_Ordinary_Shares_for_330000
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