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think these are the other 10mm, not exercised yet..
6,476,235 warrants with a strike price 28.5c (about 21p) £1.36m
3,426,625 options with a strike price of 40.0c (about 31p) £1.06m
October 2020 be extended to 20 April 2023 with the strike price to remain the same.
Been digging, to find the value of the warrants and option.
Probably not much left now to add for drilling.....
March 21 ...
Warrants and options(last page)
Helium One has 64mm options and warrants outstanding at an average exercise price of 16c/sh
We exclude the options and warrants that are significantly out of the money; this leaves 54mm at an average exercise price of 3.6c/sh .If all these options and warrants are exercised it would raise US$2mm and increase the share count by 11%
http://www.helium-one.com/wp-content/uploads/2021/03/21-03-17-H-P-Update.pdf?fbclid=IwAR2MJEEHJSTn7kmTpW2cScBlZES5EfsYj6XdvPpogMJJbHT3GcdC2SeLJ0M
I remember watching a video with an investing tycoon, mining mainly and he talked about warrants being given as a freebie(kind of) on top of what he was getting in return for his investment.. So if the company was successful :)
I am not sure I do My take on what I think I know.. I think of them as a cheque for shares, a form of payment for services, loan, probably more..
Say two batches of warrants could be issued at a strike price of say 5p and 10p, until they reach those prices they can not be exercised and converted to shares. They often come with expiry dates, so if the price is not reached they expire, I suppose thats performance related, and/or could be a time limit funding will be available if thats the aim of the warrant.
Thinking about that, the warrants could be issued in agreement for cash to fund a company as it grows, so if the company reaches 5p within a set period the funder agrees to warrants for 100 shares at a discount of 50p, so £4.50p, the discount being the payment for funding plus what they make selling the shares.. whatever is agreed...
As these are warrants exercised by ATTIS people I assume they are related to the He1 takeover of ATTIS, and if the strike prices are slow being reached the expiry dates could be extended(maybe).. I don't know exactly what for but If you read the RNS it states that He1 received cash which looks to be the amount of shares x the strike price.. So seems to be funding for He1..payment through the new shares being x3 the strike price.. but I am pondering over saying that..
So that blurs the line for me, like those company stock options where you take the difference..
Probably lots more to warrants, and somebody here will put us straight...:)
I don't really understand warrants, strike prices etc Dai, could you explain like im 5, which I kinda am in mental age terms!
The others may have been converted already,,
"notice to exercise warrants over a total of 100,000 Ordinary Shares (the "Warrant Shares") at a price of 2.84 pence per Share,"
Troajan, Ta
@heliumbull,
They match to Richard T(Attis)211,864 £0.0355
these are due to unless the expiry date has been extended
43,697 £0.2840 27/01/2022
66,207 £0.2840 27/01/2022
68,591 £0.2840 27/01/2022
Page 169
http://www.helium-one.com/wp-content/uploads/2020/11/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf
dai
just look at them,as a placing,there a pain and subdue the sp for a few weeks
but yeah,an extra 7 mill quid
or three 1000 metre drill holes.lol.
Thats what I was wondering also Dai!
@Troajan £7m EXTRA, is that on top of Octobers cash reserve?
dont worry about it,all it means,is who ever bought those warrants,are selling them,for i tidy profit
its common to see this on aim
but more importantly,the bank vault,az just over £7 mill extra,in it
which should see costs covered,for another good while.
Mmm, I am no expect, but warrants I believe are a financial note until they are converted to shares.
Then those shares are added to the shares outstanding total which includes shares not available to the retail investor.
While the FF includes shares available to everyone..
But I have read up on the subject a few times, I just end up left with lots of questions
Could the additional free float shares not be reflective of warrants to the new directors? Maybe im totally off side here just putting it out there?
Sept 7th/21 Sharesoutstanding 615.50m Free float 487.16m
Jan 25th/22 Sharesoutstanding 615.60m Free float 505.10m
Its not a lot of difference, shares being sold, lock in periods endings, warrants being converted supplies funding for He1
I believe Treks list shows the price of the warrants, what price they must reach before being converted
@Noob Probably not totally correct but I believe the FF pool is where we buy from, so if the shares outstanding remains constant and the FF increases institutes are selling shares that previously were held from the market. So I guess for the warrants being converted and listed in the next few days, if shares outstanding and the FF increases then they are on the market to be traded, if just Shares Out increases they are being held..
It will come to me later, maybe tomorrow or next week :)
I was tracking the free float, kind of think you were trying to figure out when holding updates were due, Trek kept track of the warrants... Ring any bells, my memory is often false fantasy these days..
I think we had some unexpected price moves, then the FF would increase days later.. Thats probably why we had the forward selling discussions, while waiting for those holdings updates??
Has anyone been keeping track of the warrants?
unless they had to be held for so long then they missed timed the high.
@Noob, Did'nt we have a period in phase 1 where there was speculation of a TR1, but never came?
Thinking back the free float would increment significantly, but no notifications of holdings, plenty of speculation of forward selling..??