The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes, you are correct. The Warrant exercise cash goes to the company and I suspect majority of the big chunk of 166m First equity ones have already been sold and of the 25m to be notified of exercise these most likely forward sold. My point earlier was that these are now mostly out of way which is good for the sp to move up.
@InGodwe trust - what would be the benefit for warrant holders here? If assets are not sold and EUA starts production...
so you have signed up to LSE to save us all, thanks god, and some of the handle names you shorters come up with are so stupid people know the crack FILTERED.
I would have thought we would want the warrants sold!!!
It then shows that an offer is imminent as warrants don't hold the same rights as shares i.e. div payments, voting rights, in my understanding. Please correct me if i'm wrong.
I prefer not to say anything unless I have a genuine question or a real concern.
But most WARRANTS are converted... so peanuts left where we started... that is what kept price low... once ALL warrants done this will rise and RISEEEEEEEEEE....hold your shares...
Here he is a little deramper on his 7 post account, its been awhile since we seen your sort - thats it the buy signal folks, pile in we are off.
After 8 posts I doubt your invested. Why worry.
I agree but this could still turn out to be a bit of a price trap over the next 2 days until all the warrants have cleared.
The price always seen to go up prior to warrant conversions just to take a sharp fall.
Bobby question... lot people shouted at me for saying this...I been saying warrants have been converted all the way since about 2 weeks... EUA gets the money once those warrants are converted am I right or am I misunderstanding some thing... I felt when EUA get money for those warrants shares are all ready forward sold...
Go away ffs
Exactly what Im saying, yes!
Selling pressure is been there but what he is saying once those gone price will RISE quicker as want be much selling left...
Unless of course this is just another exercise to increase the selling price for the warrant holder.
I don't think so. I suspect most already forward sold. My point is that the Warrants are no longer of much relevance. They were 2 weeks ago but we've burned through such huge volumes that they must be mostly gone now.
So does that mean we are likely to see increased selling pressure at some time during the next 2 days.
Maybe another spike down at some point?
Just to reconfirm one of the earlier posts, there are now a total of only c.59m Warrants still left to be notified that they've been exercised (assuming Dmitry's 10m x 1p Warrants don't get triggered as promised). These are mainly made up of the remaining 25.9m x 0.6p First Equity Warrants which have an accelerator clause anyway and my guess is have already been forward sold) and 20m x 1p Sanderson Capital Warrants. There are c.5m others too in other hands, but this is a small amount. Based on us doing 200m volume per day at the moment, these can all get soaked up pretty quickly. If they are not already all sold, we must be approaching the final knockings. Once done, this takes a bit of selling pressure away and we could spike up quite quickly as I think most people who can do maths realise the new base case here is much closer to 6p, even without adding in all the extra for 15m oz flanks and any other value for excitement about corporate sale, etc.
few sellers may be here but price will only RISE... 3.50 could be HIT today and above 4 before end of week...
I love the smell of burning shorts. Remind me of summer.
Come on traders join with us LT ers - at least till 4pm - you can still bank your profits then & maybe they will grow higher than now (with the lunch time & afternoon pushes) - squeeze those 9% shorters till they are forced to buy back.
shorts are getting shorter , they will be wearing mankinis soon !
OK Gypsy Lee
Let us know when the tea leaves give you the next sign.......
I still feel warrants have been converted...
But LB28 insisted the other day that all the warrants were being sold into and had now all cleared and that was the only reason for the drop in price late last week
Oh yes I remembered I pointed out I thought he was making it all up and we would soon find out through an RNS confirming that (which hasnt appeared)
So just a standard trading day then which just happened to be a down day last week - seriously people I would say 99% on here have NO idea day to day whats going on so stop believing the rubbish being posted every 10 minutes.
Before the deramper comments start - Yes I'm long on this - ave 0.66 and 1.6M shares
Thanks RR and Nitrokev, when I have my pilots license i'll take you all for a trip!