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So that is £320k of Nov-2019 warrants now exercised so the balance I now make as £790.7k warrants outstanding that are still valid as £400k so far exercised last week and today with all new cash going to GWMO BoD. All good!
The remaining warrants are now:
3-Jul-2018 £33.7k warrants @1.75p valid for 3 years (to 2-Jul-2021)
13-Nov-2019 £280k warrants @0.16p valid for 3 years (to 12-Nov-2022) ... was £600k but £320k exercised today!
16-Jul-2020 £450k warrants @0.20p valid for 2 years (to 15-Jul-2022)
16-Jul-2020 £27k warrants @0.10p valid for 2 years (to 15-Jul-2022)
@Tom87. I'm getting confused now. I agree that any money raised by much earlier placings would have been spent and further any later placing underpins current plan and BOD statement that 2020 programme is funded.
Any warrants are a separate and different matter and represent potential future cash to the BOD if the warrant holders choose to Exercise them and pay the strike price; this will create new shares and an RNS will be issued announcing Warrants being exercised stating number of new shares and revised total in circulation.
The point I keep trying to make is that BOD is funded for 2020 and any decent news will raise the SP and may encourage warrant holders to exercise their options ... this creates new cash for the BOD and helps fund projects without further placings which on balance should be good news all round.
@Tom87. Again only Warrants exercised were last week since those warrants were granted going back to Jul-2018,
so most of them remain valid if holders wish to exercise them.
Yes once we go back in time the money has obviously been spent. It was warrants that would effect the company directly now.
@Tom87, happy to be corrected but from the RNSs I make it £1,110.7k warrants issued since Nov-2018 that are still valid and only £80k so far exercised just last week:
3-Jul-2018 £33.7k warrants @1.75p valid for 3 years (to 2-Jul-2021)
13-Nov-2019 £600k warrants @0.16p valid for 3 years (to 12-Nov-2022)
16-Jul-2020 £450k warrants @0.20p valid for 2 years (to 15-Jul-2022)
16-Jul-2020 £27k warrants @0.10p valid for 2 years (to 15-Jul-2022)
... did I miss something?
The warrants were were around 450k not £1m. Correct me if I'm wrong but some crazy stats toted on here sometimes
My sense is we will move sideways for a bit unless some substantive news lands about the GeoPhysical surveys across the projects and then the Warrants will be exercised into the rising SP. While this maybe not what short term holders want to hear it is good for 2 reasons:
1) Gets the ~£1m warrant overhang out of the way and puts up to £1m into the BODs bank account = cash & no dilution
(2) Consolidation on good news is a good thing as derisks GWMO and gives us time to pickup more stock at crazy low SP
FYI: most warrants are good until Jul-2022 so the sooner they are exercised and the SP stays above 0.2 or so the better!
All IMHO
Halve a crown.....
Numpty.
Big news on its way.
chisler
tanner - I reckon .26 Monday / Tuesday.
Maybe a few dips with profit taking then upwards to .3 end of week.
https://pubs.usgs.gov/bul/2077/report.pdf
Not a lot in the link other than some back ground on Olympic - GWMO website has been updated a lot as well - worth a butchers'..
What I did find back a few months ago was Nevada State Gov / officialdom are very happy to promote and support the mining in this region - for local economy and also for licences etc. / (they need revenue).
Sounds obvious - but they actively promote rather than look to stall or impede the prospecting was the vibe I got.
Authorities are obvs worried about Covid for good reason - but also aware of the necessary works that need to continue to drive the local economy.
So not a bad spot to be prospecting with historical BOOM - plus with new tech / leaching methods / Copper / Gold and Silver prices rocketing - What's not love / get excited about / think of a long term banker.
Risk / Reward: Improving rapidly on the reward side IMO
GLA this week.
Gold looking to challenge $2000, Copper on an unbelievable tear up ?? and Silver holding firm well above $26.
Gla
Yes the news is spreading.
How do we all see this playing out this week, .25 possible .3?