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Jiffy - IG, they hedge the long FFS, so remain neutral making from the spread at no risk from SP movement. Nothing negative there. Basics
Great to hear the squeals of the shorters as the MMs put the Bear Squeeze on today 3.30 to3.50..That quickly sorted out the chancers. That could be one of the defining moments contributing to a lift off as shown today any negativity should be dismissed at once.
I tend to be suspicious by nature, but could there be some outcome once the Warrants have been exercised that adversely affect shareholders. I bought into EUA @ 1.4 and again @ 2.4 so I would love the sp to rise.
Thanks Stockdale & trading123321 confess I forgot the 10 day period, and Sandman1982 has touched on my thoughts (to a degree) re the exercising of those Warrants in as much as the asset sale is concerned.
Makes sense gents. Thank you
That shareholders may think they will hold back the SP. That has been the case while warrants have been exercised. That ends today.
all the warrants being sold on a rise doesnt look great i think thats what they were saying just to reaffirm thats not the case, get rid of the pump and dump talk
I do wonder what they meant by " that has been a concern to some of our shareholders."
Any thoughts?
Maybe thats the reason with all the tweeting etc etc to ensure that the price remained above 1.8p so that all the warrants could be exercised for the inevitable (asset sale....).
Furthermore, the Company wishes to advise that the accelerator clause governing warrants associated with the May 2018 placing undertaken with clients of the Company's broker First Equity Limited (See RNS dated 10 May 2018) has now been triggered by the Company. A one-for-one warrant valid to May 2020 was subject to an accelerator clause whereby if the VWAP of the Company's share price is sustained at greater than 1.8p for ten consecutive days the Company may choose to force execution of the warrants. Tuesday 12th November was the 10th consecutive day satisfying this condition and notice was duly given to warrant holders. Warrants for which notice of execution is not given within 5 business days from the date of notice will be forfeited. The total number of outstanding warrants subject to the clause is 23,349,998, which represents a cash value of £148,600.
Christian Schaffalitzky, Chairman added: "The Directors are happy to exercise our right to remove the remaining warrant overhang that has been a concern to some of our shareholders."
Application has been made for the Warrant Shares and Option Shares to be admitted to trading on AIM, and dealings are expected to commence on or around 19 November 2019 ("Admission"). These shares will rank pari passu with the ordinary shares of the Company in issue.
first sentence should explain it
It's possible the ten day period above an SP of 1.80p having triggered the possibility of the 5 day accelerator clause being made could have allowed it, just because they could. However that would be a pretty weak reason.
Could there be any other reason why the company want the Warrants to be exercised by today. Other than that expressed by a few on here.
1. Empty news box.
2. Accelerator clause for warrants activated.
3. No tweets from the BoD.
4. Loads of other hints of what is happening - eg photo of EUA crew at Boliden mine.
All looking very good for news shortly
Wanted to change the subject back to the rise and this empty news box on the homepage for Eurasia that appeared just before noon. Happened once before and news came shortly after. Or are we just getting bored waiting now. Has it been enough to prompt a 4% rise alone do we think? At TRX everyone thought PIs couldn't have a huge affect, but looked like they did over there with the company holdings figures.